Articles
Prior to the onset of COVID-19, the Phoenix multifamily market had the highest rent growth in the nation, along with an active development pipeline and high investment activity.
The Changing Occupational Profile of Workforce Segment Renters
Workforce segment renters living in small apartment properties are adapting to the changing economy, while also representing a broad occupational base.¹
Multifamily Properties Capture Largest Share of Overall U.S. Workforce Housing Demand
Multifamily properties capture the largest share of the overall U.S. workforce rental demand, while single-family rentals are the largest individual asset class.
How Large is the Workforce Housing Rental Segment?
Rental demand from the workforce housing segment is on the rise, with a relatively higher concentration in single-family and small asset properties.
Fewer Households Cost Burdened in Small Apartment Assets
Data on the extent of housing-cost burden shows that relatively fewer households in small apartment properties are impacted severely by rental expenses.
Southern California, Florida Have Higher Concentrations of Cost-Burdened Households
Metros showing higher than average housing cost shares of household income are also home to higher concentrations of severely cost-burdened households.
A Look at Small Asset Rental Affordability Across the Largest U.S. Metro Areas
The share of household income spent on housing costs for small properties ranges significantly across the largest U.S. cities. Overall, this share has declined slightly with the ongoing economic recovery, improving affordability in recent years.
Small Apartment Properties Pack Value for Money with More Space in Urban Adjacent Locations
In their unit mix, small apartment buildings are more specialized in bigger units compared to large properties, while also being more affordable. Renters can find value in small apartment properties, as examined in this update.
MBA CREF Special Report: Real Estate Investing in the Current Cycle
As we enter the later stages of the current economic cycle, a major topic of discussion among real estate players is how much longer will this trend of slow and steady growth continue. At the Mortgage Bankers Association’s CREF Market Intelligence Symposium 2018 in New York City, hosted by the New York University, Schack Institute of Real Estate, leading industry participants came together to discuss the state of the real estate market and where it’s likely to go, as well as the key factors impacting commercial real estate and the U.S. economy.
Renters Living Alone Dominate Unit Demand within the Baby Boomer and Senior Age Segment
Small property unit demand from the boomer-senior age group is dominated by renters living alone, calling closer attention to property-level upgrades.
Demographics Drive Single-Family Rental Demand
Here’s a quick look at how demographics are contributing to a surge in renting single-family homes.