Multifamily / Page 38

The combination of perfect sunny weather, no income tax, and relatively low COVID-19 case count positioned South Florida for a booming real estate market in 2021. Experts believe the growing number of people moving to Florida, which only accelerated during the pandemic, will further stimulate demand for multifamily. Even in B and C-class apartments, rent […]

On Friday, February 12th, a winter storm struck Texas, resulting in a week of the region’s lowest temperature in 72 years and more than 2.5 million residents, or 40 percent of Texas households, without power or water. Due to the state’s choice to deregulate electricity, Texas is widely criticized for creating an electric grid that […]

CLICK HERE TO READ THE REPORT As one of the most unaffordable states in the United States, California is no stranger to affordable housing shortages. Demand for more affordable housing in California is a burden held by major cities such as Los Angeles and San Francisco. Due to the high cost of single-family homes in […]

The start of 2021 kicked-off with optimism in the market as the vaccine begins distribution across the nation. The National Multifamily Housing Council (NMHC) has published Rent Payment Trackers consistently throughout the pandemic, providing statistics on rent payments. For the week ending in February 6th, 79.2 percent of apartment households submitted payment, a 1.9 percentage […]

CLICK HERE TO DOWNLOAD THE ARTICLE Following the outbreak of COVID-19, state-mandated lockdowns swept the nation, preventing the majority of the population from leaving their residence. For nonessential retailers, this meant closing their stores. For multifamily owners, this meant restricting renter’s access to apartment amenities and services. The mounting unemployment, paired with downtown offices closing, […]

CLICK HERE TO DOWNLOAD THE ARTICLE Approximately four million people call Los Angeles home, making it the second-largest city in the United States. When adding together the small cities that make up Los Angeles County, the urban area totals more than ten million people. With the extensive and difficult construction process paired with the considerable […]

CLICK HERE TO READ THE REPORT Market Overview Thus far, Phoenix’s multifamily market has proven to be resilient in the face of the pandemic, thanks to impressive market fundamentals. The stay-at-home orders in Q2 2020 resulted in pent-up demand and positive net absorption in Q3 2020 and Q4 2020. Although there is no definitive end […]

CLICK HERE TO DOWNLOAD THE ARTICLE A Look at Austin’s Growing Economy With 120 to 150 people moving to Austin per day, it comes as no surprise that Austin has experienced over 25 percent growth in population since 2010 and is projected to reach 3.2 million in the next ten years. Austin’s booming tech industry, […]

CLICK HERE TO READ THE REPORT Market Overview The Central Austin submarket consists primarily of older Class B and C apartments. With the submarket’s primary housing composed of students from the University of Texas, much of the development is often purpose-built student housing. The submarket benefits mostly from its centralized location and its proximity to […]