Wednesday, November 20, 2024

Rents

Who’s to blame for the affordability crisis?

Who's to blame for the affordability crisis? Jay Parsons, multifamily housing analyst and head of investment strategy and research for Madera Residential, suggests that the media is pointing fingers in the wrong...

Multifamily oversupply conditions are improving

Multifamily oversupply conditions are improving, but not out of the woods yet. The good news is that some relief is expected by 2025, but Sunbelt markets may take 12 to 18 months...

RealPage reconfigures revenue management products after San Francisco bans rent-setting software

RealPage has reconfigured its revenue management products after San Francisco bans rent-setting software in a direct attack on the Richardson, Texas-based company. RealPage announced Thursday that it is offering its revenue management software...

The price of disorder

I was once pitched a deal in the heart of the Amazon—Manaus, Brazil. What was I buying? Firstly, a commercial asset. But I couldn’t shake my concern around governance. The sanctity of a contract...
High-income millennials and Gen Zers are choosing Class A apartments over home ownership. Is it a lifestyle choice or the economy?

INFOGRAPHIC: A luxury vibe

High-income millennials and Gen Zers are choosing Class A apartments over home ownership. Is it a lifestyle choice or the economy? National Class A rents average $660 to $2,000 below the average monthly mortgage Hospitality-focused apartments Class...
Often considered the slowest growing region in the U.S., the Midwest has recently shown surprising improvements, both in the performance of its multifamily markets and in the resilience of the region’s economy. The outperformance comes amid a volatile economic backdrop—the Midwest’s relative stability is one of the region’s defining features and highlights its importance in any multifamily portfolio.

New metrics make Midwest investment attractive

  Recently, the Midwest has shown surprising growth and economic resilience, making this region an attractive candidate for multifamily development, investment and general interest. Often considered the slowest growing region in the U.S., the Midwest has...
Avenue South Residences—56-story residential towers located on the western edge of Singapore’s urban core—will be the tallest buildings created with prefabricated prefinished volumetric construction (PPVC). The 988-unit multifamily housing towers will include 2,984 modules (ADDP Architects).

Mod, mod world

Some of the busiest apartment developers in the U.S. are still trying to use three-dimensional “modules” created in factories to reduce the cost of construction. For more than a decade, modular construction companies promised they...
According to a 2021 study by the University of California, Los Angeles and U.C. Berkeley, over one-third of public school employees are “rent-burdened,” meaning housing costs consume more than 30 percent of their income. The issue is particularly severe for food service workers, more than half of whom are affected.

California to turn unused school land into millions of housing units

In an effort to address a lack of housing that officials say has contributed to a shrinking teaching workforce, the California Department of Education is planning on converting undeveloped school lots into affordable housing. State...
Would a YIMBY building boom rejuvenate urban family life or produce sterile, megacity hellscapes?

The housing theory of childless cat ladies

Would a YIMBY building boom rejuvenate urban family life or produce sterile, megacity hellscapes? Housing Boom = Baby Bust? America’s low birth rate is in the news again, thanks largely to Vice Presidential candidate Sen. J.D....

Multifamily concession offerings on the rise

Multifamily concession offerings are on the rise nationally as rent growth slows. According to Fannie Mae, almost 21 percent of multifamily units were offering concessions averaging five percent as of Q2 2024. The return...

New study suggests renters want modern conveniences and greater efficiency

A new study from RealPage reveals that renters will pay higher rents for modern conveniences and efficiencies and a moving and rent-pay process as easy as ordering from Amazon. The 2,000 U.S....

Increasing apartment supply is slowing new lease-up velocity

Increasing apartment supply is slowing new lease-up velocity, said Madera Residential head of investment strategy and research Jay Parsons. Leasing velocity for newly built apartments is at its slowest pace in recent...

Surging demand in Q2 2024 helps stabilize occupancy and rent growth

Surging demand in Q2 2024 helps stabilize occupancy and rent growth and narrow the gap between supply and demand, according to RealPage Market Analytics. RealPage market analyst Carl Whittaker thinks this is...

Office to apartments

download pdf Hybrid work is likely here to stay. This shift isn’t just changing lifestyles—it’s also affecting commercial spaces. Office vacancy rates post-COVID shot up almost overnight, and they remain near 20 percent nationwide, the...
Yield PRO