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Apartment resident retention rates went on a wild ride during the course of the past year or so, but the ability to hold onto renters at lease expiration now is returning to more typical levels for the country as a whole.
Some multifamily landlords are becoming more optimistic about a steady recovery from the pandemic as rising rent and occupancy rates in their buildings reflect some of the strongest rental rate growth and rent collection rates nationally in more than a year.
Marcus & Millichap is pleased to present to market a well-maintained and fully occupied 27-unit multifamily offering in Blue Island, Illinois, a southern suburb of Chicago. The property consists of five contiguous 5 and 6-unit apartment buildings with a total of 18 one-bedroom units and 9 two-bedroom units.
What will an economic resurgence mean for multifamily investments?
Apartment rents continue to rebound across the country, according to the latest data from Apartment List.