Is land-use regulation holding back construction productivity?
Ed Glaeser is perhaps the pre-eminent urban economist working today, and I’ve cited his work repeatedly when looking at land-use restrictions and burdens on new development. So I was very interested to see he’s coauthored...
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...
Affordability is re-emerging as a tailwind for market-rate apartments.
Affordability is re-emerging as a tailwind for market-rate apartments. One takeaway from data discussed on a RealPage podcast this week is that rent-to-income ratios have returned to pre-pandemic levels, suggesting affordability issues...
Apartment market fundamentals stabilized in July, reports RealPage
According to data from RealPage Analytics, apartment fundamentals stabilized in July. Rent growth and occupancy remained relatively steady during the month. National occupancy was 94.2 percent for the third straight month, which...
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...
Apartment occupancy holds steady amid historic supply
Apartment occupancy held steady in May, marking the seventh straight month in which occupancy remained at or above 94.1 percent. Rent change fundamentals also remained steady, solidifying the idea that the nation...
Completions outpace new starts by widest levels in decades
Multifamily analysts predict supply will continue to exceed demand this year, keeping vacancy elevated and putting downward pressure on rents. So far in 2024, U.S. multifamily completions are outpacing new starts at...
