Multifamily / Page 15

Tim VanWingerden on Thriving in Commercial Real Estate #1 –How did you get into commercial real estate, and what made you choose multifamily as your specialty?   Real estate was never something on my radar. I grew up in an entrepreneurial environment, with my family owning and operating an industrial greenhouse. My intention was to […]

Adding an ADU to a Multifamily Property An Accessory Dwelling Unit (ADU) is an additional structure designed for permanent housing built on a property that already has a primary home or dwelling. They are often referred to as guest houses, casitas, granny flats, or backyard cottages. These secondary units have their own separate entrance as […]

A Solution to the Affordable Housing Crisis in the U.S. The U.S. affordable housing crisis has been an ongoing issue since the Great Recession and has shown no signs of improvement. This crisis has sparked a pressing need for innovative solutions to alleviate the burden on low- and middle-income households. Converting unused parking lots into […]

Q2 2023 Nashville, TN Multifamily Market Report Market Overview After H1 2023, multifamily demand in Nashville has made a notable comeback compared to H2 2022. However, net absorption has yet to amount to the record levels seen in 2021. Now, the 12-month net absorption totals 5,000 units, much lower than the market’s historical average of […]

Phoenix, AZ Multifamily Month-by-Month Overview January 2023  Transaction Velocity In January, there were 11 multifamily property sales of 5+ units in Maricopa County. This time last year (12/18/21 – 1/18/22), there were 41 multifamily property sales of 5+ units in Maricopa County. This indicates that transaction velocity was down about (-73.2%).   Sales Comps Average […]

Ventura Multifamily Market Report Market Overview Ventura County has recently experienced an influx of new suburban multifamily complexes, a trend that doesn’t seem to be slowing down any time soon. Furthermore, Downtown Ventura has begun the process of converting obsolete properties into multifamily buildings and garden-style apartments. New policies being implemented in coastal cities in […]

Santa Barbara Multifamily Market Report Market Overview Santa Barbara attracts many residents who enjoy its trendy atmosphere and miles of beaches. Additionally, its strong aerospace and defense-related employment sector brings in many families and young entrepreneurs. The vacancy rate has changed by 0.6% year-over-year, now standing at 2.9%. Rent growth in H1 2023 returned to […]

Multifamily Market Trends and Concerns The multifamily real estate market has been experiencing a period of ease and favorable conditions over the last ten years. However, it appears that this favorable climate may no longer be the case. The market has undergone significant transformations in recent years, characterized by factors such as an upswing in […]

Broward County Industrial Market Report Market Overview The industrial real estate market in Broward County has experienced notable dynamics and trends in recent quarters. Vacancy rates have remained relatively low, especially compared to similar-sized industrial markets in Florida. The tight vacancy rate, combined with a slower economic environment, has impacted lease volume. Additionally, the limited […]