The natural apartment filtering process of new supply declining in quality and value as it ages has provided low-income renters with access to more affordable housing options. The Great Recession, however, caused a break in the filtering pattern, leaving a shortage of workforce housing supply during this recovery.
While many early technology solutions have been operationally focused, advanced technology like artificial intelligence and data analytics tools now allow owners to focus their efforts on improving the customer experience, panelists noted at the recent NMHC Annual Meeting in Orlando, FL.
Key strategies for development, including building for long-term holds and adapting to changing renter profiles, were discussed at the recent NMHC Apartment Strategies Outlook Conference in Orlando, FL.
Renter income growth In small multifamily properties was slightly above the national average, while large multifamily households saw market-leading gains.
Small multifamily rents have been growing faster in metro areas with rent levels below the national average. This phenomenon has, by and large, also been true for the large multifamily asset class.
Four major California cities were the most expensive areas in the nation for small multifamily rentals, reflecting the state’s ongoing affordability crisis.
Small multifamily rent growth is fueled by the asset class’ proximity to job centers, larger unit sizes and relative affordability to other rental property types.
From in-depth reports to impactful articles, Arbor is your source for exclusive content about key trends impacting investment within commercial real estate markets, including multifamily, single-family rentals, and affordable housing.
Seniors are an increasingly important multifamily renter cohort, especially for smaller properties. Some retirees are choosing to downsize and rent for lifestyle reasons. Other seniors are working — and renting — longer.
Hockey arenas give multifamily a boost; the immigrant homeownership rate increases; Zillow forecasts strong rent growth in West Coast Markets; and more in this week’s multifamily news roundup.
Apartment occupancy increases; millennials shun home buying in coastal markets; higher-incomes give Class-B apartment buildings a boost; 2016’s fastest growing cities; and more in this week’s roundup of multifamily news.
Rent concessions are making a comeback in some of the nation’s top apartment markets as new multifamily developments enter their lease-up phase. In slower markets, concessions are part of everyday life for property managers.
Married households and families are well-represented in small property apartments. Reflecting that skew to larger households, smaller properties account for a relatively smaller share of single renters when compared to large buildings.
Tech makes the ‘burbs cool again; rent growth soars in secondary markets; economic trends to watch in 2017; and more in this week’s multifamily news roundup.
Education is arguably the strongest predictor of present and future levels of American workers’ income. As a result, there is a correlation between education attainment and the size of a building a renter is likely to call home.
These large metros are growing the fastest; Fannie Mae reports on a rebounding economy; Fed votes to keep interest rates unchanged; private capital ramps up lending; and more in this weekly roundup of multifamily news items.
In this closer look at Millennial renters, we find they are well-represented in small, low-amenity properties.
Lease renewals hit an all-time high; how crowdfunding has transformed real estate investing; renters demand storage; and more in this edition of the ALEX Chatter’s weekly multifamily roundup.