The Charlotte multifamily market has been one of the top performers in 2019, with strong rent growth and record-high investment volume. The metro’s growing technology sector has also boosted the local economy and job market.
Demographic trends are pointing towards single-family rentals. New attitudes about lifestyle are decoupling where people live from where they invest.
This report takes an in-depth look at small multifamily finance and investment activity in the metro over the last year. It also addresses what’s ahead for the sector due to factors like rent regulation, the current economic cycle and demographic changes.
Setting clear expectations, offering incentives and giving performance feedback were among the key ways panelists at the recent IMN SFR Forum (West) in Scottsdale, AZ, mentioned that they effectively manage their vendor networks and maintain good relationships with them.
The Charlotte multifamily market is likely to remain attractive to investors due to its low taxes, diverse employers, affordable housing and other factors.
ALM has honored Arbor Realty Trust. The media company selected marketing professionals noteworthy for being “prominent and resourceful powerhouses within the real estate industry.”
While the majority of U.S. rentals are located in a handful of large metros, small multifamily is growing the quickest in smaller U.S. metros.
Real estate insiders share their strategies on finding and rehabilitating properties. Large-scale flipping proved to be a popular topic at the IMN Single-Family Rental conference in Scottsdale, AZ.
With a lower share of inventory located in flood-prone areas, small buildings are more conservative in their risk profile and offer value for investment across the apartment market. Resiliency and Risk Landscape for Small Buildings Recent reports point to a counter-intuitive trend of how home prices and apartment rents are growing faster in flood prone areas. This trend is explained by the premium associated with scenic locations such as beach fronts and waterways, since they are also the most-prone to flooding. This varies across metro areas and asset class. As shown below, based on data obtained from the American Housing Survey (AHS) 2015, around 8% of all small apartment building units in the United States were located within areas assessed with a high risk of flooding. In large buildings the share was slightly larger at 10%. The risk assessment for apartment buildings and their units varies greatly across metro areas. The data indicates that small buildings displayed a tighter spread around the national average compared to large buildings. An indication of the preference for scenic, albeit riskier, locations characterize the Read the full article…
For their relatively lower rent levels, small apartment properties are surprisingly well-rated by their occupants, both in terms of unit quality and the neighborhoods in which they are located.
We recently examined trends in how today’s renters are searching for apartments. Let’s now take a look a why renters decide to make the move — though it turns out they are choosing to do so less frequently.
Traditional word of mouth referrals and Internet searches are most popular among renters seeking small building rentals. But search modes vary with the end purpose of the move.
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.
While Internet access makes steady inroads in small apartment buildings, renter preference for faster connectivity is shifting access to newer technologies.