Multifamily / Page 41

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 […]

Click Here to Access Full Report Santa Barbara & Ventura County Multifamily With one of the lowest vacancy rates in the nation, Santa Barbara has above average earners helping support high rents. Rents were expanding in the years leading up to the pandemic, with 2018 rents growing 4.8 percent and 3.8 percent in 2019. In […]

This month, Matthews™ interviewed Senior Vice President & Senior Director, Daniel Withers for his insight on what’s currently happening in the market. In this interview, Withers shares his two cents on COVID-19’s impact on multifamily and provides his take on multifamily market performance, insight into investor trends, and outlook for the multifamily market.   Click […]