As recently as October, lumber prices seemed to be moving to a new sustainable norm. It seemed as though prices in the $500 to $600 range per thousand board feet might become the new normal for the next year or so.
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Continue readingIn its most recent survey, the National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found significantly more than three in four apartment households paid rent in full or part by early this month.
U.S. apartment leasing activity normally slows as the weather cools late in the year. In turn, occupancy tends to backtrack a bit, and property owners cut move-in lease prices a little. However, 2021 hasn’t been a normal year for the rental housing sector, and an outperformance relative to historical standards continues to register as the year winds down.
Commercial real estate prices have increased measurably this year delivering positive results for investors, John Chang, Senior Vice President and National Director Research Services at Marcus & Millichap said in a recent video.
How does transaction velocity in 2021 compare to past years? What’s driving such aggressive investment activity? How does sales volume vary by property type?
The sellers and buyer of both properties were secured and represented by Randolph Taylor, Senior Associate, and an investment specialist in National Multi Housing Division in Marcus & Millichap’s Chicago Oak Brook office.