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Category: Multifamily

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affordable housing

Transforming Parking Lots into Multifamily Buildings

DATE August 1, 2023 / Author


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 […]

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Nashville

Q2 2023 Multifamily Market Report | Nashville, TN

DATE July 31, 2023 / Author


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 […]

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Phoenix

Multifamily Market Report | Phoenix, AZ

DATE July 31, 2023 / Author


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 […]

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Ventura County

Multifamily Market Report | Ventura County, CA

DATE July 31, 2023 / Author


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 […]

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santa barbara

Multifamily Market Report | Santa Barbara, CA

DATE July 31, 2023 / Author


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 […]

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multifamily market

Trends and Concerns in Multifamily Market Amidst Supply Surge

DATE July 28, 2023 / Author


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 […]

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broward county

Q2 2023 Industrial Market Report | Broward County, FL

DATE July 28, 2023 / Author


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 […]

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big box retailers

How Bix Box Retailers are Converting into Housing

DATE July 27, 2023 / Author


Redeveloping Bix Bog Retailers into Housing Big box retailers once dominated the retail market, boasting some of the most successful and largest retail brands in the U.S. Now, in 2023, millions of square feet lay empty, accepting defeat after a decade of dwindling sales, bankruptcies, and rapid store closures. But investors are jumping at the […]

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Orange County

Q2 2023 Multifamily Market Report | Orange County

DATE July 26, 2023 / Author


Orange County Multifamily Market Report Market Overview Orange County’s multifamily market shines with its historically low apartment vacancy rates. Although there was a temporary decline in occupancy, the market is now witnessing a rebound in demand. The recent completion of new apartment buildings, particularly in areas like Irvine, has expanded housing options for high-income renters, […]

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