Apartments / Page 15

  As the state’s capital, Columbia is home to South Carolina’s largest flagship university, which provides a renter pool of students and government employees. More than one in five employees work in the government sector, which is 40 percent more than the national average. Though multifamily growth has slowed, single-family home construction has increased by […]

Augusta’s multifamily market has favorable fundamentals – a decreasing vacancy rate, increasing rents, and strong population growth. Augusta holds a large base of government and government-related jobs, helping stabilize the local economy. In 2013, the U.S. Army Cyber Center of Excellence announced its move to Augusta, adding jobs directly from the military and influencing relocation […]

  Despite the continuing effects of the COVID-19 pandemic, the multifamily sector in Los Angeles remained a robust and reliable investment for both local and out-of-state investors in 2021, propelling value growth and cap rate compression. Almost every market in the metro area experienced positive gains, especially in occupancy growth. Vacancies trended down since peaking […]

The apartment sector showed resounding strength throughout 2021 with record-setting national rent gains and outsized absorption totals. The lack of available housing has propelled pricing for both single-family and rental apartment units. With renters searching for affordability in the wake of COVID-19, secondary and tertiary markets and suburban communities welcomed new residents. Apartment investment activity […]

Athens is a relatively affordable multifamily market, catering to the blue-collar workforce. The population has increased almost ten percent since 2010, primarily in downtown Athens and nearby neighborhoods. Several companies are expanding in the area, such as Wayfair, Boehringer Ingelheim Animal Health, and more. The University of Georgia resides in Athens, adding several hundred undergraduates […]

  The Greenville metro entails a growing population of one million residents along the Interstate 85 corridor. The market benefits from the boom in industrial employment, specifically in the automotive industry. Revitalization efforts are concentrated in Downtown Greenville as office-using jobs and retailers grow. The recent population boom has drawn in developers, which have expanded […]

Commercial real estate (CRE) has historically lagged behind other industries in adopting technology, particularly the disruptive changes that transform the way business is done. Customer relationship managements (CRMs) and email campaigns have replaced the Rolodexes and flyers of 30 years ago. But digital replacements for physical processes provide relatively minor benefits when compared to the […]

As many readers are well aware, the United States is experiencing a housing crisis. While supply isn’t keeping up with demand, wages aren’t keeping up with rents. According to Apartment List, the national median rent growth across the United States increased by 13.8 percent from January 2021 to July 2021. This jump is more than […]

  In 2018, core urban markets witnessed retail expansion, especially for experiential retail that targeted younger generations. In 2019, millennials continued to push growth in the urban core, trading square footage for convenience to live near these communities. In 2020, COVID-19 was introduced, disrupting urban markets. Many people reevaluated their housing choices, and high-density residential […]