Small asset multifamily continues to support a broad range of Millennial workers, while those in Science, Technology, Engineering, Arts/Design and Math (STEAM) occupations are renting at a faster clip.
Unit Mix: Small vs. Large Apartment Assets
Catering to families and other larger households, 2- and 3-bedroom units are well represented in small apartment assets.
Top 25 Markets for Apartment Rent Growth
While Portland took the top spot with annual rent growth of 12.0%, seven of the top 25 MSAs for apartment rent growth in 2015 were in California.
Small Balance Apartment Cap Rates Compress
Preliminary findings show that cap rates tightened in recent quarters for multifamily properties backed by small balance loans. The spread between cap rates on small and large properties also narrowed.
How Many Renters Live in Small Apartment Buildings?
Americans living in small apartment buildings outnumber renters in large properties more than three-to-one.
Foreign Investment in U.S. Multifamily Hits New Highs
Cross-border multifamily investment reached new highs during 2015, with Canada leading the pack.
Job Growth in 2016: Leading and Lagging Markets
Job growth is one of the most important factors to consider when deciding where to invest in multifamily properties. After all, a property owner will only be as successful as his or her tenants.