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While a larger share of small building households own vehicles, growth in ownership was slower compared to large buildings for the post-crisis period.

While a growing number of cities are eliminating parking minimums, the price of parking access within apartment properties is still reflected in higher unit rents across US metros. This is especially true for in-structure parking offerings.

Arbor recently spoke with Jamie Woodwell, VP, Research & Economics at the Mortgage Bankers Association (MBA), and used the opportunity to discuss the future of multifamily lending, trends in industrial and logistics spaces as well as the state of foreign investment in U.S. real estate.

Here’s a quick look at the small balance multifamily finance and investment benchmarks for Q2 2017.

In this post, we examine the income needed to rent affordably in small apartment buildings across the US. 

While single renters constitute close to half of the demand within small apartment units, their growth has been faster in larger buildings, where preferences by both age and gender play a significant role.

Though a clear majority of senior householders in apartments do not work, delayed retirement has become a rising trend. Since the financial crisis, this trend has created a growing demand segment for small apartment building owners.

Small properties, while historically low in attracting renters with disabilities, are becoming more sought after for their affordability.

Our research illustrates that senior rental location preferences are strongly segmented along both age subgroups and by housing costs. Metro market size also plays a large role.

While rents in prewar buildings can compete with newer stock overall, this story varies considerably across metro areas.