Multifamily / Page 39

Top Reasons to Invest in Austin, TX As the capital and fourth-largest city of Texas, Austin boasts prestigious recognition for various aspects, including food, culture, nightlife, music, education, nature, and much more. Recently, nine zip codes in Austin saw at least 100% growth in home value from 2010 to 2020. The metro also ranks as […]

Multifamily Trends & Activity in Austin, TX Texas has one of the lowest tax burdens in the nation, which has caused many to migrate to the state. In 2019, the Austin metropolitan area added 37,800 new jobs, a growth rate of 3.5 percent, according to the Austin Chamber of Commerce. This makes Austin the second […]

Multifamily Trends in Los Angeles Markets Following the outbreak of the novel coronavirus, supply constraints continue to be the defining trait in the Los Angeles multifamily market. In 2019, Los Angeles achieved $11 billion in multifamily trades, and Q1 2020 held $2 billion. Even as one of the highest renter-to-owner ratios in the United States, […]

Summary of AB 3088 — The COVID-19 Tenant Relief Act of 2020 (“CTRA”) The COVID-19 Tenant Relief Act of 2020, enacted by AB 3088, was passed by the California Legislature and signed by Governor Gavin Newson on August 31, 2020. Please see below information regarding AB 3088 and how to comply with the COVID-19 Tenant […]

The COVID-19 crisis has altered housing choices, and with many people working from home, households are reevaluating their rental accommodations. The pandemic can be to blame for a less-favorable, high-density residential living. For many, suburban life is becoming a lot more attractive, as it is more spread out, less dependent on public transportation, and more […]

According to the National Multifamily Housing Council’s rent payment tracker, 76.4 percent of apartment households paid rent as of September 6th in its survey of 11.4 million units of professionally managed apartment units.   This is a 4.8 percentage point decrease from those who completed their rent payment through September 6th, 2019, and compares to […]

Here’s an update on all proposed COVID-19-related legislation that would impact multifamily and commercial properties within California. Matthews™ is committed to keeping the commercial real estate community informed and will continue to offer our services during these market changes. For more information, please contact a Matthews™ specialized agent. Proposition 15- Split Roll Tax on Commercial […]

Insights on the Stability and Predictability of the Sector COVID-19 has prompted substantial changes to lease activity, operations, renter behavior, and investment activity within the U.S. multifamily market. With growing calls for affordability and rent regulation already taking a toll on investment in the sector, the pandemic’s impact on renters’ employment status added fuel to […]

According to the National Multifamily Housing Council’s rent payment tracker, 79.3 percent of apartment households paid rent as of August 6th in its survey of 11.4 million units of professionally managed apartment units.   This is a 1.9 percentage point decrease from those who completed their rent payment through August 6th, 2019, and compares to […]