Multifamily / Page 4

Strategies to Boost the NOI of Your Multifamily Property In 2023, a volatile economy and elevated housing prices caused a surge in demand for multifamily. This resulted in an 111% increase in absorbed units. At the same time, 583,000 new units were delivered, marking the highest number of completed units since the mid-1980s. This led […]

Fort Collins Multifamily Development Report Fort Collins by the Numbers Vacancy rate: 5.51% Absorption (units): 151 Average rent: 1.6% Sales: $0 Last 12 Months | Source: CoStar   Absorption During Q1 2024, absorption declined from 208 units to 171 units compared to the previous quarter. However, the trailing 12-month total absorption witnessed a slight uptick […]

Rent Regulation: The History and Workings in NYC As the Rent Stabilization Law of 2019 remains intact, what impact has it had on multifamily? On June 14, 2019, Governor Cuomo signed the Housing Stability & Tenant Protection Act, a law regulating New York City apartment units. As the 5th anniversary approaches, we look back on […]

Florida Panhandle Multifamily Market Report Pensacola Market Overview Pensacola, located at the westernmost end of Florida’s Panhandle in between Mobile, Alabama, and Tallahassee, experienced a population growth of 1.1% annually in both 2021 and 2022 and is expected to have an average pace of growth of 0.6% between now and 2027. Notable sectors contributing to […]

Nashville Multifamily Market Report Nashville Market Overview As reported by Axios, Nashville is among four Sunbelt cities identified as significant economic centers in the U.S., suggesting a potential shift in prominence. The Nashville MSA houses 500 healthcare companies, including 17 publicly traded ones. Additionally, tech giants like Oracle, Amazon, and Meta have invested billions of […]

From NIMBY to YIMBY: Overcoming Opposition to New Multifamily Development Several things come to mind that don’t belong in a backyard: Weeds, intruders, and dangerous wildlife are a few. Then there’s development. Whether or not new multifamily housing belongs near someone’s backyard is a more sensitive matter that’s been burdening developers, renters, and homeowners for […]

Multifamily Development Report | Denver, CO Denver Construction During Q4 2023, the Denver multifamily construction pipeline exhibited 42,900 units under construction alongside 65,700 units in various planning stages. Both figures experienced a reduction compared to the previous quarter, marking a combined decrease of 6,100 units. Anticipated further decreases are on the horizon, with projections set […]

Opportunities in Orange County’s Multifamily Market About Orange County Orange County attracts a diverse spectrum of national and local investors. The solid job market and population growth both contribute to its reputation for high-quality living. Unemployment rate is around 4%, trending below the California state average. Population growth stands at around 0.4% and is expected […]

Multifamily Market Report | Atlanta, GA Market Overview In 2023, Atlanta’s multifamily market experienced a resurgence in demand, showcasing resilience in the face of macroeconomic challenges and a surge in new developments. Despite the increase in absorption, vacancy rates rose, primarily in high-end properties, due to extensive construction activity. While the market is saturated with […]