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Even as interest rates rise and inflation pressures deals, the multifamily sector remains strong, with occupancy rates remaining high and rents staying relatively solid.
Overall, supply and demand for the asset class remains out of balance: asking rents for existing units are up 12.6% year-over-year through July, and the US is currently estimated to be at a 600,000-unit apartment shortage, according to the National Multifamily Housing Council and the National Apartment Association. Yardi Matrix data shows that occupancy sits at around 96% nationally as of June 2022.
Investors Continue to Bail on Single-Family Home Purchasing
URW Sells Westfield Santa Anita Mall for $538M
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Where Houses Are Trading For Under List Price (And What That Means For CRE)
The Modern Ground Lease Is a Compelling Option for Construction Financing
Natalie Dolce |
Chimera Investment Corp. is seeking to provide better investment data transparency while supporting sophisticated accounting requirements.
Ingrid Tunberg |
EAH Housing and the City of Santa Monica expect the 58-unit community to be completed in late 2023.
Erik Sherman |
Given the data collection systems that are often used in physical retail settings, a little caution might be good for property owners.
eBook
Sponsored by essensys
The Business Case for an Intelligent Digital Backbone in Multi-tenanted Commercial Buildings
The commercial real estate industry is navigating changing dynamics with the rise of hybrid working environments and greater demand for digitally-enabled buildings and spaces. But delivering on this demand brings increasing amounts of complexity. Download this eBook for key considerations when evaluating a digital infrastructure.
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White Paper
Sponsored by Placer Labs Inc.
2022 Domestic Migration Trends
Download this white paper to understand if and how COVID impacted domestic migration patterns on a state, city and zip code level; including how these patterns are affecting CRE stakeholders.
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Report
Sponsored by Rent.
2022 Multifamily State of the Industry Report
There are three major trends converging to shape new renter dynamics: The Great Resignation, The Occupancy Fallacy, and The Renter Research Revolution. Download this report to explore these trends and learn how to thrive in this new era.
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