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As apartment developments find new takers in the suburban areas of the largest US metros and regional transit connectivity continues to improve, more small building households are beginning to give up cars.

The commute choice of apartment renters appears to be at a tipping point — more recent suburban renters are ditching their cars for rides on the train or bus.

While Internet access makes steady inroads in small apartment buildings, renter preference for faster connectivity is shifting access to newer technologies.

From the fastest growing metro markets and the factors that determine rent growth to tech solutions and the future of amenity offerings, ALEX Chatter has been your go to source for multifamily news and information.

Here’s a quick look at the small balance multifamily finance and investment benchmarks for Q3 2017.

With winter right around the corner, it’s essential for multifamily owners and property managers to start winterizing. 

As Millennials age, their preference for rental accommodations continues to diversify across apartment types, with small apartment buildings now positioned to cater more to the youngest renters in this cohort.

While Q3 2017 small balance multifamily lending activity decreased 3.1 percent from Q2 2017, we’re still on pace for a new annual benchmark in the space.

As the most car-dependent nation in the world, it’s no surprise that parking is one of the most sought-after amenities at multifamily properties. However, with the introduction of autonomous cars, transit-oriented development and the rise of ride-sharing companies, it seems inevitable that parking will take somewhat of a back seat.

The Chicago multifamily market remained strong during Q3 2017, as rents continued to set new record highs. Rising vacancy rates remained in line with the market’s historical average, despite a historically high influx of new supply.