Newly Built Apartments Getting Smaller
The average size of newly built apartments in 2022 has decreased to 887 square feet, down from the 941 square foot average 10 years ago, RentCafe reports. In a report…
6 Takeaways From The National Multifamily Housing Conference
The John Burns Real Estate Consulting team attended the National Multifamily Housing Council’s recent conference and came away with 6 takeaways to share with our readers. The report points out…
Economic Indicators Show Positive Multifamily Outlook
Multifamily demand remained steady in January, with rents leveling off after a fourth-quarter dip, to show a positive multifamily outlook, Yardi Matrix said in their January report. “The sturdy job…
Portland Rents Hold Steady In January
The median rent in Portland fell by only 0.1 percent – essentially flat- over the course of January while rents fell in many other large metros, according to the February…
National Rents Decline In January For Fifth Straight Month
The national rent index fell by 0.3 percent over the course of January, marking the fifth straight month-over-month decline, Apartment List says in their February report, while the vacancy rate…
Rent Growth in 2023 Likely On Low Side of Normal
The asking rent forecast for 2023 has been downgraded from 3.1 percent to 2.6 percent rent growth in the latest Yardi Matrix Special Bulletin. The report says rent growth continues…
On-Going Battle Over Rent Control Continues
The National Multifamily Housing Council (NMHC) reports that although we’re only weeks into the new year, many states and localities have already taken steps to implement rent control policies as…
Multifamily Outlook Generally Positive For 2023
Multifamily faces a number of challenges heading into 2023, but all indications are that apartment demand will remain strong and the outlook generally is positive, according to Yardi Matrix Winter…
The Multifamily Book Is Closed On 2022–What’s In Store For 2023?
Multifamily asking rent growth recorded its second best year this century in 2022, though it finished the year on the downside due to weakening demand and robust supply growth that…
Time To Let Landlords Be A Partner In New Approaches To Housing
It is time to let landlords be a partner in the housing crisis process because renters and landlords want the same outcome, affordable housing. By Renee Larsen and Josh Lloyd…