Speaking at the National Multifamily Housing Council’s 2019 Apartment Strategies Outlook Conference, MIT AgeLab Director Joseph Coughlin discussed how population shifts and changing generational behaviors could be the greatest disruptor for the housing market.
California included four of the five most expensive metros in the nation for apartment rentals, across both small and large asset multifamily.
Small asset multifamily has displayed sound price fundamentals, with year-end 2017 average rent growth maintaining the upward trend of the previous year, according to the latest Census data. Small apartment buildings offer a unique blend of urban-core proximity and relatively larger apartment unit sizes.
When analyzing the top markets for rental growth in the context of market segment peers, smaller metros registered impressive gains in both small and large multifamily as a share of total rental inventory, according to the latest American Community Survey data.
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Rental inventory growth for year-end 2017 showed a clear contrast between the largest and smallest U.S. metros, with the latter displaying a greater increase in small asset multifamily inventory.
There has been no shortage of topics to cover in 2018 as it relates to the multifamily market, and Chatter is proud to continue serving as your go-to source for industry news, research and insights.
