# Chicago Multifamily Brokerage | CREConsult – Apartment Building Sales & Valuations > Maximizing Multifamily Property Value in Chicago & Suburbs ## Posts - [Illinois Rent Control Special Report Webinar and Multifamily Forum Event](https://creconsult.net/illinois-rent-control-special-report-webinar-and-multifamily-forum-event/): Rent Control reduces the supply of rental units, increases prices for properties not covered and prevents those most in need from benefiting. - [Volatility in Construction Materials Pricing Is Putting Strain on Multifamily Developers](https://creconsult.net/volatility-in-construction-materials-pricing-is-putting-strain-on-multifamily-developers/): Multifamily developers don’t know what to expect when it comes to budgeting for materials prices. Apartment developers continue to be stressed by the unpredictable cost of construction materials. - [That downtown apartment glut? Never mind](https://creconsult.net/that-downtown-apartment-glut-never-mind/): A construction wave was supposed to test the downtown market this year, with competition from 4,400 new apartments—an annual record—hampering landlords’ ability to keep hiking rents and possibly even pushing rents down. Overbuilding often ends real estate booms, and the risk of that happening in Chicago seemed to be growing at the end of last year. - [Marcus and Millichap National Property Marketing & Advertising](https://creconsult.net/marcus-and-millichap-national-property-marketing-advertising/): Marcus and Millichap closes more real estate investment sales than any other brokerage firm—over 60% of which involve a 1031 Exchange. Our leading market position, coupled with extensive investor relationships, gives us access to the largest pool of qualified buyers, including exchange buyers. - [The U.S. Apartment Sector Would Continue to Remain Strong Even in a Recession](https://creconsult.net/the-u-s-apartment-sector-would-continue-to-remain-strong-even-in-a-recession/): In the current cycle, property fundamentals are strong enough to withstand a shock to the system. Even if there is an economic downturn in the near future, the apartment sector is likely to hold up, according to industry experts. - [Midwest Apartment Market Should See Solid Performance in 2019](https://creconsult.net/midwest-apartment-market-should-see-solid-performance-in-2019/): Rising interest rates, a possible slowdown in new construction likely to keep apartment occupancies stable and rents growing. - [Investment To Keep Flowing Into Chicagoland Apartments](https://creconsult.net/investment-to-keep-flowing-into-chicagoland-apartments/): Marcus & Millichap forecasts new apartment development will reach a cyclical high this year, with about 9,500 completions in the metro area. The city will receive more than half of the new rentals. Developers finished about 9,200 units last year. - [Healthy 2019 Projected for Multifamily Investment](https://creconsult.net/healthy-2019-projected-for-multifamily-investment/): Investors should be keen on apartment assets due to strong fundamentals, opportunities for both buyers and sellers, and an abundance of capital - [Fully Occupied 24-Unit Multifamily Property For Sale Aurora IL](https://creconsult.net/fully-occupied-24-unit-multifamily-property-for-sale-aurora-il/): Fully occupied 24-unit multifamily complex in Aurora, Illinois offering a generous Cap Rate, Cash-on-Cash rate of return and higher than average upside in rental income based on amenities and location. - [84 Unit Multifamily Property For Sale 1900 Broadway St Blue Island IL](https://creconsult.net/84-unit-multifamily-property-for-sale-1900-broadway-st-blue-island-il/): 84 Unit Multifamily Property For Sale. Condo Quality Construction. All 2-Bed / 1-Bath Units with Dining Room. 90 Percent Updated Units. Tenant Paid Electric Baseboard Heating & HW. Very Well-Maintained / Long-Term Ownership. - [Rising Interest Rates Favorable for Apartment Demand](https://creconsult.net/rising-interest-rates-favorable-for-apartment-demand/): The spread between owning and renting will weigh on single-family sales as the monthly mortgage payment for a median-priced home is now $339 more than the average monthly rent for an apartment, the highest spread since 2008 - [Register For the 2019 Marcus & Millichap Commercial Real Estate Investment Forecast Series](https://creconsult.net/register-for-the-2019-marcus-millichap-commercial-real-estate-investment-forecast-series/): 2018 brought historic changes to the economy, tax laws and real estate markets. The decisions you make today will have dramatic effects on the performance of your investments for years to come. Join Marcus & Millichap and industry-leading experts for a series of live webcasts. Gain the insight to ensure you are prepared for what’s to come. - [Apartment rents are suddenly rising faster, reversing yearlong trend](https://creconsult.net/apartment-rents-are-suddenly-rising-faster-reversing-yearlong-trend/): Buying a home is getting more and more expensive, thanks to sharp increases in both prices and mortgage rates. That is juicing demand for apartment rentals and, in turn, pushing rents higher. - [Downtown apartment rents hit new high as boom continues](https://creconsult.net/downtown-apartment-rents-hit-new-high-as-boom-continues/): The average monthly net rent at top-tier apartment buildings in downtown Chicago rose 5.7 percent in the second quarter from a year earlier, but another construction wave will test the market in 2019 and 2020. - [Suburban apartment market still strong, but slowing down](https://creconsult.net/suburban-apartment-market-still-strong-but-slowing-down/): Apartment rents across the nation have soared over the past several years amid the expanding job market, the primary driver of demand for apartments, and a continued preference for renting over owning among some people. - [Downtown Chicago Apartment Supply Glut Eased by Record Demand](https://creconsult.net/downtown-chicago-apartment-supply-glut-eased-by-record-demand/): The Downtown Chicago apartment market has had a banner start to 2018, with a record 2,300 net units leased in the first five months of the year. - [Multifamily Investors Are Getting Used to 'Normal'](https://creconsult.net/multifamily-investors-are-getting-used-to-normal/): It may sound like bad news for the apartment sector: rent growth may stay relatively flat in the second half as vacancies and interest rates climb. But multifamily analysts insist the sector is going to remain strong over the long-term as investors search for properties to buy. - [A Growing Divergence is Happening in Chicago Multifamily Sales](https://creconsult.net/a-growing-divergence-is-happening-in-chicago-multifamily-sales/): Multifamily Sales Continue to Trend Downward in City, While Suburban Sales Volume Sets New Record - [Landlord pockets $46 million payout in apartment refinancing](https://creconsult.net/landlord-pockets-46-million-payout-in-apartment-refinancing/): The owner of one of the biggest apartment complexes in the Chicago area has refinanced the property with a new mortgage, pocketing nearly $46 million in the process. - [Shortage of Affordable Rental Housing in the U.S. Continues](https://creconsult.net/shortage-of-affordable-rental-housing-in-the-u-s-continues/): The average apartment rent has grown a lot faster than paychecks for many households. As a result, nearly half (47 percent) of the households—20.8 million—who rent their housing in the U.S. spent more than 30 percent of their income on rent in 2016, the most recent period for which data is available. - [1031 Exchanges: 10 Things to Know](https://creconsult.net/1031-exchanges-10-things-to-know/): So, what is 1031? Broadly stated, a 1031 exchange (also called a like-kind exchange or a Starker) is a swap of one investment property for another. Special rules apply when depreciable property is exchanged in a 1031. Such complications are why you need professional help when you're doing a 1031. Here are 10 things you should know. - [Apartment Housing Demand Remains Strong; Investors Pursue Yield to Broader Range of Markets](https://creconsult.net/apartment-housing-demand-remains-strong-investors-pursue-yield-to-broader-range-of-markets/): The apartment sector notched another healthy quarterly performance as the resounding strength of the employment market sustains demand for rentals. Class B and C units maintained particularly tight vacancy levels, delivering solid rent growth. Markets with elevated construction levels could face pockets of heightened competition as new apartment facilities go through lease-up. - [Tax Benefits of Cost-Segregation in Commercial Real Estate - NEW DEPRECATION RULES](https://creconsult.net/tax-benefits-of-cost-segregation-in-commercial-real-estate-new-deprecation-rules/): COST SEGREGATION CAN PROVIDE REAL ESTATE purchasers with tremendous tax benefits from accelerated depreciation deductions and easier write-offs when an asset becomes obsolete, broken or destroyed. - [The death of the small apartment building](https://creconsult.net/the-death-of-the-small-apartment-building/): Developers in the U.S. built 358,000 units of new multifamily housing in 2017. That's less than half the number of single-family homes built last year, but the gap between the two has narrowed a lot over the past decade... - [Class B and Class C Apartments Poised for Gains](https://creconsult.net/class-b-and-class-c-apartments-poised-for-gains/): A large percentage of these newly formed households will have a high propensity to rent and be drawn to Class B and C apartments. The expanding demand for Class B and Class C properties will keep their vacancy rates tight and uphold rent growth that has outpaced Class A properties, which are contending with elevated supply additions. - [National Multifamily Housing Council Research Confirms Rent Control's Negative Effects](https://creconsult.net/national-multifamily-housing-council-research-confirms-rent-controls-negative-effects/): Rent control policies are laws that cap rents and are usually implemented with the stated purpose of improving housing affordability. In fact, they may do just the opposite, according to an in-depth review of academic research on the issue conducted by Dr. Lisa Sturtevant. - [Chicago Area Commercial Property Values Flatten Out](https://creconsult.net/chicago-area-commercial-property-values-flatten-out/): Whether they sold or refinanced, many owners of Chicago commercial real estate took advantage last year of prices that surpassed their pre-recession peaks. But their joyride may be slowing down. - [Expose Your Commercial Real Estate Investment Property to International Investors](https://creconsult.net/expose-your-commercial-real-estate-investment-property-to-international-investors/): Marcus & Millichap's unparalleled reach gives our clients direct access to this growing buyer pool of foreign investors. Our firm attends conferences worldwide making strategic visits to cultivate important global relationships. - [10-Year Treasury Flirting with 3-Percent Threshold, A Symptom of the Accelerating Economy](https://creconsult.net/10-year-treasury-flirting-with-3-percent-threshold-a-symptom-of-the-accelerating-economy/): The 10-year Treasury inched past 3 percent, drawing concerns from some investors. Strong economic momentum, however, reiterates the health of the current economic cycle which bodes well for all sectors of commercial real estate. - [Apartment Demand Paces Elevated Construction](https://creconsult.net/apartment-demand-paces-elevated-construction/): Underlying demand for apartments remains strong as a robust labor market and positive demographic trends support healthy unit absorption, despite mounting supply pressure. Moving forward, modest performance gains are expected on the national level as the market continues to digest the aggressive development pipeline. - [Fox Business Features Marcus & Millichap’s President and CEO Hessam Nadji](https://creconsult.net/fox-business-features-marcus-millichaps-president-and-ceo-hessam-nadji/): Fox Business’s Maria Bartiromo Asks Marcus & Millichap CEO Hessam Nadji For Insight On The Impact Of New U.S. Tax Laws On Housing And Commercial Real Estate. - [CAPITALIZE ON CAPITAL MIGRATION  LISTING DEADLINE Southern California Multifamily Forum](https://creconsult.net/capitalize-on-capital-migration-listing-deadline-southern-california-multifamily-forum/): Have You Been Thinking Of Listing Your Multifamily Property For Sale? Yet another reason to choose Marcus and Millichap Real Estate Investment Services to List and Sell your Commercial Real Estate: 7th Annual Multifamily Forum in Southern California. - [Marcus & Millichap Investment Property Sales Platform Moves $2.1B Into Midwest in 2017](https://creconsult.net/marcus-millichap-investment-property-sales-platform-moves-2-1b-into-midwest-in-2017/):   Marcus & Millichap Investment Property Sales Platform Moves $2.1B Into Midwest in 2017   In 2017, the Marcus & Millichap platform migrated $2.1B of investments into the Midwest as investors search for higher yielding properties and product types. Learn how our platform can help you yield higher sales prices for your property: Randy Taylor 630.570.2246Read more - [Tax Reform Boosts Commercial Real Estate Investor Sentiment](https://creconsult.net/tax-reform-boosts-commercial-real-estate-investor-sentiment/): Investor optimism strengthened as recently enacted tax laws and economic durability sustain market confidence. Commercial real estate outlook remains positive. - [Housing affordability is weakening at the fastest pace in a quarter century - Boon to Multifamily Sector?](https://creconsult.net/housing-affordability-is-weakening-at-the-fastest-pace-in-a-quarter-century-boon-to-multifamily-sector/): Rising home prices, rising mortgage rates and rising demand are colliding with a critical shortage of homes for sale. And all of that is slamming housing affordability. - [Big Gains Cause Concern](https://creconsult.net/big-gains-cause-concern/): While rallies in oil and metals—from aluminum to nickel—faltered during the week, big gains have spurred increased speculation that inflation will pick up. - [Fannie Mae and Freddie Mac Continue to Dominate Apartment Lending](https://creconsult.net/fannie-mae-and-freddie-mac-continue-to-dominate-apartment-lending/): Agency lenders are making more permanent loans than ever on apartment properties. - [MULTIFAMILY Prices Keep Rising for Apartment Properties, Forcing Investors into Smaller Markets](https://creconsult.net/multifamily-prices-keep-rising-for-apartment-properties-forcing-investors-into-smaller-markets/): Investors keep looking for apartment buildings to buy at good prices. The search is leading them to smaller properties in smaller markets. - [Cheddar TV Features Marcus & Millichap’s President and CEO Hessam Nadji](https://creconsult.net/cheddar-tv-features-marcus-millichaps-president-and-ceo-hessam-nadji/): Referred to as "the CNBC for millennials," news program Cheddar TV asks Marcus & Millichap CEO Hessam Nadji for an outlook on real estate amid Toys "R" Us closures and the evolution of retail. Also, opportunities for investors in today’s commercial real estate market and services Marcus & Millichap provides. - [Home Price Appreciation Widens Affordability Gap, Sustains Strong Apartment Housing Demand](https://creconsult.net/home-price-appreciation-widens-affordability-gap-sustains-strong-apartment-housing-demand/): Despite tight inventory levels, overall home prices are accelerating at a subdued pace as buyers remain on the sidelines by not providing offers on marketed homes. Housing needs are then directed to apartments. Last year, more than 340,000 units were absorbed, the highest level since 2000. - [5 WAYS INVESTORS CAN CAPITALIZE ON TAX REFORM IN 2018 Webinar](https://creconsult.net/5-ways-investors-can-capitalize-on-tax-reform-in-2018-webinar/): Real estate investors face significant tax changes for 2018. Discover how to capitalize on tax reform and how it could affect commercial real estate performance. - [The Numbers Are In Marcus and Millichap 2017 Chicagoland Closings](https://creconsult.net/the-numbers-are-in-marcus-and-millichap-2017-chicagoland-closings/): Chicagoland 2017 Closings: 332 Transactions Totaling $1.45 Billion - [CAP RATE VS IRR WHAT’S THE DIFFERENCE](https://creconsult.net/cap-rate-vs-irr-whats-the-difference/): Sizing up a potential real estate investment is no easy task and there are a number of things investors must consider before closing a deal. Two of the most critical factors are the cap rate and the IRR or internal rate of return. There are some similarities between the two but it’s important to understand exactly what they measure and why they’re important. - [Shifting Strategies: Multifamily Investors Adjust To Sector Slowdown, Mature Cycle](https://creconsult.net/shifting-strategies-multifamily-investors-adjust-to-sector-slowdown-mature-cycle/): Investor confidence in the stability of the multifamily sector this year remains strong, despite robust new supply levels and concerns regarding rising inflation and aggressive interest rate hikes. - [Millennial Homeownership Edging Higher, Young Adults Still Favor Apartment Lifestyle ](https://creconsult.net/millennial-homeownership-edging-higher-young-adults-still-favor-apartment-lifestyle/):                    Research Brief August 2017 HOUSING       Developing Trends   ■ Apartment construction appears likely to peak this year as more than 370,000 units are slated for delivery, up from 290,000 apartments in 2016. The majority of new supply is concentrated in luxury, Class ARead more - [2018 Marcus and Millichap North American Multifamily Forecast](https://creconsult.net/2018-marcus-and-millichap-north-american-multifamily-forecast/): Apartment investments will maintain a positive outlook in 2018 as the combination of steady job creation, healthy demographics and an accelerating pace of household formation sustains renter demand. The consistent ow of newly developed units, a top of mind consideration for many investors, increased competition for Class A apartment assets in cities with disproportionate deliveries. The effects of the additions tend to be concentrated, and the deliveries will wane in the coming year, supporting sound performance metrics in most markets. Class B and C workforce housing will continue to outperform as vacancies in these properties remain at historical lows, enabling owners to justify strong rent growth. - [Apartment investments are bullish nationally, more nuanced in Chicago](https://creconsult.net/apartment-investments-are-bullish-nationally-more-nuanced-in-chicago/): A combination of job growth, healthy demographics and accelerated household formation creates a rosy outlook for apartment investments in the coming year. For Chicago, location and property type should be taken into consideration. This is according to Marcus & Millichap's 2018 Multifamily North American Investment Forecast. - [Rising Wages Set the Stage for Economic Acceleration Expanding Commercial Real Estate Demand](https://creconsult.net/rising-wages-set-the-stage-for-economic-acceleration-expanding-commercial-real-estate-demand/): Labor market at turning point as wage growth hits recovery high. Meaningful wage growth has been a missing ingredient in the expansion for the past eight years. Yet now, with unemployment holding steady at 4.1 percent, employers are finally feeling the pressure to increase wage hikes to attract and maintain their human capital. Further evidence of tight labor conditions can be found in job openings at or near record levels of 6 million positions over the past 12 months. - [Tax Law Changes Could Usher in New Challenges For Housing Market, Reinforce Renter Demand](https://creconsult.net/tax-law-changes-could-usher-in-new-challenges-for-housing-market-reinforce-renter-demand/): Existing single-family home sales increased a modest 1 percent over 2017 as limited for-sale inventory kept the market from gaining traction. While many of the factors contributing to a restriction in sales velocity remain the same, changes to the tax code remove some of the incentives to homeownership, and anticipated interest rate increases this spring will bring additional challenges to the future of the housing market. - [Multifamily Research Market Report Chicago Metro Area Fourth Quarter 2017](https://creconsult.net/multifamily-research-market-report-chicago-metro-area-fourth-quarter-2017/): Led by numerous corporate relocations from the suburbs, job growth in Chicago’s core has ignited apartment construction as young professionals seek an urban lifestyle. - [Proposed Tax Rules Subtly Affect Commercial Real Estate](https://creconsult.net/proposed-tax-rules-subtly-affect-commercial-real-estate/): New Tax Law Holds Favorable Prospects for Commercial Real Estate; Potential to Boost Space Demand and Capital Flows - [Navigating the New Tax Laws - Investment Real Estate Insights WEBCAST](https://creconsult.net/navigating-the-new-tax-laws-investment-real-estate-insights-webcast/): The first significant tax law revision in 32 years could spark important changes for commercial real estate. - [New York investor pays $94 million for Vernon Hills apartments](https://creconsult.net/new-york-investor-pays-94-million-for-vernon-hills-apartments/): A New York real estate investor paid $94 million for an apartment complex in north suburban Vernon Hills, another addition to the long list of suburban Chicago multifamily properties that have changed hands this year. - [7 Items In The GOP's Combined Tax Bill That Could Affect Real Estate](https://creconsult.net/7-items-in-the-gops-combined-tax-bill-that-could-affect-real-estate/): Below are seven items in the bill that could impact the industry, according to a report from Marcus & Millichap: - [Good times roll on for suburban apartment landlords](https://creconsult.net/good-times-roll-on-for-suburban-apartment-landlords/):   If you own an apartment building in downtown Chicago, the grass looks a lot greener out in the suburbs right now. With developers adding thousands of apartments to the city skyline, the supply of downtown units is exceeding demand, dragging down rents. But that’s not the case in the suburbs, where development also hasRead more - [US Apartment Demand Bounces Back from Slow Down in Early 2017](https://creconsult.net/us-apartment-demand-bounces-back-from-slow-down-in-early-2017/): Renter demand for apartments continued to accelerate in the third quarter of 2017 as the market absorbed more than 70,000 units and the overall national vacancy rate for U.S. apartments continued to trend lower after turning sharply up at the end of last year. - [CRE National Price Indices Maintain Upward Trend](https://creconsult.net/cre-national-price-indices-maintain-upward-trend/): Growth in Lower End of Property Markets Continues Despite Declines in Absorption, Deal Volume - [End of the Current Real Estate Cycle?](https://creconsult.net/end-of-the-current-real-estate-cycle/): Sam Zell (pictured above) recently stated: “The real estate cycle is nearing its end” (Pensions & Investments, May 1, 2017).  We must admit that Sam had great timing when he sold his Equity Office REIT to Blackstone in 2007 which was the peak of the last cycle.Of course, Sam is also not afraid of real estate recessions.  He earned the title “The Grave Dancer” back in the early 90s when he bought properties at steep discounts from their replacement cost during the bottom of that cycle. So, what are the facts?  - [Big deals heat up west suburban apartment market](https://creconsult.net/big-deals-heat-up-west-suburban-apartment-market/): The burst of investment activity suggests that the suburban Chicago apartment market is still going strong after a record year for multifamily sales in 2016. Suburban rents are rising at a slow, steady pace, and developers haven't gotten carried away with new projects, giving investors the confidence that they will continue to generate attractive returns by buying apartments here. - [BUSINESS AS (UN)USUAL Making a Market In Any Market](https://creconsult.net/business-as-unusual-making-a-market-in-any-market/): The new normal may simply be business as (un)usual, but amid the changes and uncertainty, some things remain the same: Marcus & Millichap is executing transactions, solving problems, and finding opportunities for our clients. - [How to Bolster Apartment NOI During COVID-19](https://creconsult.net/how-to-bolster-apartment-noi-during-covid-19/): It’s easy to hit your numbers when times are good. But for multifamily pros navigating the fallout of COVID-19, 2020 has been about finding ways to maximize net operating income (NOI), even when times are tough. - [Certain Net Lease Sectors Remain Strong Despite COVID-19 Uncertainty](https://creconsult.net/certain-net-lease-sectors-remain-strong-despite-covid-19-uncertainty/): Despite market volatility and uncertainty created by the COVID-19 pandemic, investor activity within the net lease space for specific uses and credits continues to remain relatively strong, albeit at levels lower than pre-COVID. - [Apartment Survey Finds August Rent Payments Held Up Fairly Well](https://creconsult.net/apartment-survey-finds-august-rent-payments-held-up-fairly-well/): The National Multifamily Housing Council reported that 79.3 percent of surveyed households made a full or partial rent payment by August 6. That’s slightly better than last month’s 77.4 percent, and just shy of the August 2019 level of 81.2, according to  NMHC’s Rent Payment Tracker . - [Suburban Apartment Rents Exceed Expectations](https://creconsult.net/suburban-apartment-rents-exceed-expectations/): While COVID-19 has slammed many parts of the economy, suburban apartments are performing well for one company. - [Low Rates Create Favorable Real Estate Investment Climate (Video)](https://creconsult.net/low-rates-create-favorable-real-estate-investment-climate-video/): (click to play video below) Low Rates Create Favorable Real Estate Investment Climate       - [No, the eviction moratorium was not extended this weekend. Everything you need to know](https://creconsult.net/no-the-eviction-moratorium-was-not-extended-this-weekend-everything-you-need-to-know/): If you live in a property covered by the CARES Act, landlords can now legally ask you to leave and start charging late fees, but the soonest they can legally file an eviction to force you to leave is Aug. 24. - [Renters Are Increasingly Choosing Suburban Living Over Urban Areas](https://creconsult.net/renters-are-increasingly-choosing-suburban-living-over-urban-areas/): An online real estate database company just released new figures showing that renters’ preferred location is tiling toward the suburbs. - [Commercial Real Estate Investments In Recessionary Times - Multifamily Historically Outperforms](https://creconsult.net/commercial-real-estate-investments-in-recessionary-times-multifamily-historically-outperforms/): Multifamily real estate has proved its mettle as a top-performing asset class. A big part of its recession-resistant nature lies in the resilience of housing and the basic need for shelter. - [The Rush to Refinance Multifamily Properties Continues](https://creconsult.net/the-rush-to-refinance-multifamily-properties-continues/): The low rate environment continues to make it a good time to refinance apartment properties, assuming you can find a lender willing to cut a deal. - [1031 Exchange Buyers Drive Sales](https://creconsult.net/1031-exchange-buyers-drive-sales/): Investors continue to prefer quick-service restaurants, dollar stores, and pharmacies. - [New Listing 4 Unit Multifamily Property For Sale DeKalb IL](https://creconsult.net/new-listing-4-unit-multifamily-property-for-sale-dekalb-il/): Marcus and Millichap is pleased to present to market this very well maintained and upgraded four-unit multifamily property in DeKalb, Illinois. - [91.3 Percent of Apartment Households Paid Rent as of July 20](https://creconsult.net/91-3-percent-of-apartment-households-paid-rent-as-of-july-20/): The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 91.3 percent of apartment households made a full or partial rent payment by July 20 in its survey of 11.1 million units of professionally managed apartment units across the country. - [Multifamily Investors Starting to Return to the Market](https://creconsult.net/multifamily-investors-starting-to-return-to-the-market/): With strong rent collections reported on the local and national levels, multifamily has fared better than other asset classes during the COVID-19 pandemic. - [Register for the Annual Marcus & Millichap Chicago Midwest Multifamily Forum](https://creconsult.net/register-for-the-annual-marcus-millichap-chicago-midwest-multifamily-forum/): Join the Marcus & Millichap Multifamily Forum: Chicago & the Midwest in a re-imagined, all-digital, online conference format. Spanning ten days from July 21 through July 30, the conference has been organized in brief, easy-to-consume portions to minimize disruption to your work and personal life. - [How Do You Price Apartments in a Recession?](https://creconsult.net/how-do-you-price-apartments-in-a-recession/): With all the pandemic-related turbulence in the market, determining how apartment units should be priced to succeed has become increasingly difficult. Multifamily operators rely on revenue management to help predict profitability patterns. - [Investors Reexamine ‘Opportunity Zones’ in Light of Pandemic and Protests](https://creconsult.net/investors-reexamine-opportunity-zones-in-light-of-pandemic-and-protests/): Opportunity zones provide tax breaks to investors who transfer recently realized capital gains into qualified funds that sink money into real estate projects and businesses located in specially designated economically distressed areas, with a goal of boosting jobs and housing. - [Southeast Multifamily Online Conference](https://creconsult.net/southeast-multifamily-online-conference/): Join the  Marcus & Millichap Multifamily Forum Southeast: Online Conference  in a re-imagined, all-digital, online conference format. Spanning ten days from July 7 through July 16 - [As Apartment Demand Rebounds Rent Cuts Disappear in Most Markets](https://creconsult.net/as-apartment-demand-rebounds-rent-cuts-disappear-in-most-markets/): Rents are rebounding as new lease volumes have surged. In the week ending June 20, total new lease volumes were up a remarkable 18.6% compared to the same time last year in the same-store dataset. - [Webcast Replay - Using a 1031 Exchange to Maximize Returns](https://creconsult.net/webcast-replay-using-a-1031-exchange-to-maximize-returns/): 1031 Tax Deferred Exchanges offer real estate investors a unique channel to maximize long-term returns. By leveraging an exchange, investors can often increase their real estate yield, reduce hands-on management, mitigate federal and state taxes and capitalize on emerging investment trends. - [Some Apartment Renters May Be Teetering](https://creconsult.net/some-apartment-renters-may-be-teetering/): 25% of people surveyed reported missing all or some of their rent that month. The federal program paying unemployed workers an extra $600 per week — a big help for renters — is set to expire in July. - [Student Housing Owners Expect On-Campus Learning Will Return This Fall Exclusive Survey Reveals](https://creconsult.net/student-housing-owners-expect-on-campus-learning-will-return-this-fall-exclusive-survey-reveals/): The outlook for the fall semester was overwhelmingly positive, with 93 percent of respondents indicating that they expect fall semester to open on time with residents in on-campus housing. - [As Institution Apartment Sales Slow Local & Regional Investors Step Up](https://creconsult.net/as-institution-apartment-sales-slow-local-regional-investors-step-up/): In the apartment world, now might be the time of the little investor. Regional Players Win Deals While Using Localized Knowledge to Their Advantage - [Private Lending Steps Up During the Pandemic](https://creconsult.net/private-lending-steps-up-during-the-pandemic/): Unlike traditional lenders who are hampered by the burdens of federal regulations, private lenders are nimble and can pivot to meet a range of market demands and unique circumstances. - [Live Webinar Wed - Using a 1031 Exchange to Maximize Returns](https://creconsult.net/live-webinar-wed-using-a-1031-exchange-to-maximize-returns/): This webcast will highlight: Why investors use 1031 exchanges The mechanics of tax-deferred exchanges Real exchange examples to demonstrate the benefits A strategic long-term perspective of real estate investing - [When Will Building New Units Make Sense Again? Apartment Developers Remain Uncertain](https://creconsult.net/when-will-building-new-units-make-sense-again-apartment-developers-remain-uncertain/): Developers will likely delay starting new apartment projects until they see strong employment growth. - [Investors Avoid Fixer-Upper Apartments Fleeing to Safer Middle-Tier Properties](https://creconsult.net/investors-avoid-fixer-upper-apartments-fleeing-to-safer-middle-tier-properties/): INVESTORS AVOID FIXER-UPPER APARTMENTS. COSTAR ANALYSIS SHOWS BUYERS FLEEING TO SAFER MIDDLE-TIER PROPERTIES. Apartment investors are getting nervous about buying fixer-uppers - [89 Percent of Apartment Households Paid Rent as of June 13](https://creconsult.net/89-percent-of-apartment-households-paid-rent-as-of-june-13/): The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 89.0 percent of apartment households made a full or partial rent payment by June 13 in its survey of 11.4 million units of professionally managed apartment units across the country. - [When Benefits Run Out What Happens to Rent Relief?](https://creconsult.net/when-benefits-run-out-what-happens-to-rent-relief/): With some unemployment benefits from the CARES Act set to expire at the end of next month, industry groups are pushing for more federal aid. - [Marcus & Millichap Arranges Sale of 12-Unit Apartment Building in Glen Ellyn IL](https://creconsult.net/marcus-millichap-arranges-sale-of-12-unit-apartment-building-in-glen-ellyn-il/): The buyer, a private investor, was secured and represented by Randolph Taylor, associate, and multifamily investment specialist in Marcus & Millichap’s Chicago Oak Brook office. - [Fewer tenants moving because of the COVID-19](https://creconsult.net/fewer-tenants-moving-because-of-the-covid-19/): The continuing long-term decline in turnover has accelerated recently due fewer tenants moving because of the COVID-19 economic downturn - [Family Renters Expected To Explode, Ushering Need For More Development](https://creconsult.net/family-renters-expected-to-explode-ushering-need-for-more-development/): With developers focused—even obsessed—with the often single, urban, and transient millennial generation in the last decade, families were neglected - [NMHC Rent Payment Tracker Finds 80.8 Percent of Apartment Households Paid Rent as of June 6](https://creconsult.net/nmhc-rent-payment-tracker-finds-80-8-percent-of-apartment-households-paid-rent-as-of-june-6/): The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.8 percent of apartment households made a full or partial rent payment by June 6 in its survey of 11.5 million units of professionally managed apartment units across the country. - [Health Crisis Accelerating the Suburban Revival [Video]](https://creconsult.net/health-crisis-accelerating-the-suburban-revival-video/): Reported by John Chang, Director of Market Research - Marcus and Millichap - [In The Era of Forebearageddon Distress Investors May Have to Wait as Long as 3 Years](https://creconsult.net/in-the-era-of-forebearageddon-distress-investors-may-have-to-wait-as-long-as-3-years/): Distress investors have been racing to the market in anticipation of snapping up deals. For the most part, they are finding, to some chagrin, that there are little properties and loans available at deep discounts. - [Unprecedented Opportunity for Owners to List Now](https://creconsult.net/unprecedented-opportunity-for-owners-to-list-now/): COVID -19 has disrupted the normal market equilibrium of supply and demand, creating a unique window of opportunity for attracting exchange-motivated capital. - [Rental Housing Investment Outlook Live Webinar Friday June 5th 2020 12PM CST](https://creconsult.net/rental-housing-investment-outlook-live-webinar-friday-june-5th-2020-12pm-cst/): An in-depth look at the impact the Global Health Crisis has had on apartment and manufactured housing communities performance and investment trends. Insights on how the eventual recovery will reshape the housing landscape. - [1031 Exchange Deadline Extended? Waiting Until the July Deadline Could Be a Bad Idea](https://creconsult.net/1031-exchange-deadline-extended-waiting-until-the-july-deadline-could-be-a-bad-idea/): While the extensions were provided for good reason, there may be unintended consequences if eligible investors all wait to pull the trigger on their exchanges near or at the time of the deadline. - [Rent Changes in Chicago Multifamily Properties Vary Widely by Area](https://creconsult.net/rent-changes-in-chicago-multifamily-properties-vary-widely-by-area/): Downtown Chicago Rents Have Suffered While Suburban Markets Were a Mixed Bag - [Commercial Real Estate Investment Outlook Series Webcasts](https://creconsult.net/commercial-real-estate-investment-outlook-series-webcasts/): Join Marcus & Millichap for this Special Update Series of Investment Outlooks. These live property-specific webcasts will address the impact the Global Health Crisis has had on performance and investment trends and how the eventual recovery will reshape the landscape. - [Why Multifamily Rents are Holding Up Better than Expected](https://creconsult.net/why-multifamily-rents-are-holding-up-better-than-expected/): A feared collapse in apartment rent collections amid the COVID-19 shutdowns has failed to materialize. But can that streak last? - [Coronavirus Dents Multifamily Development](https://creconsult.net/coronavirus-dents-multifamily-development/): New supply expectations fall this year, but future construction impact hinges on the downturn’s severity and length. - [Connect Features Multifamily Industry Leaders: Multifamily Market Update](https://creconsult.net/connect-features-multifamily-industry-leaders-multifamily-market-update/): Near-term outlook for apartment fundamentals. Initiatives to support the industry. Apartment sales/trading trends. Financing update and outlook. How transactions are getting done. - [Special Multifamily Legislation Webcast](https://creconsult.net/special-multifamily-legislation-webcast/): THE RENT STRIKE IS GAINING MOMENTUM: What you need to know about legislation proposals in various states. How this proposed legislation will impact multifamily owners nationwide. How can you mitigate the risk? - [Federal Government Backs Nearly Half of Multifamily Mortgage Debt](https://creconsult.net/federal-government-backs-nearly-half-of-multifamily-mortgage-debt/): Nearly half of multifamily mortgage debt outstanding is backed by the federal government and, thus, stands to benefit from the CARES Act and recent actions from the Federal Reserve. - [Apartment Resident Turnover is Way Down Due to COVID-19 That’s Good and Bad](https://creconsult.net/apartment-resident-turnover-is-way-down-due-to-covid-19-thats-good-and-bad/): More renters are canceling move-out plans and requesting short-term lease extensions, and property managers are offering unprecedented flexibility to accommodate them. - [Special Report: Multifamily Amid COVID-19](https://creconsult.net/special-report-multifamily-amid-covid-19/): Federal Government Action Will Assist Renters in Maintaining Income; Strong Multifamily Fundamentals Pre-Coronavirus Provide Sturdy Framework - [Answering Top Questions from Real Estate Investors - (Video)](https://creconsult.net/answering-top-questions-from-real-estate-investors-video/): ANSWERING TOP QUESTIONS FROM REAL ESTATE INVESTORS - John Chang - Director Research Marcus & Millichap - [IRS Loosens Timelines for 1031-Exchange Buyers](https://creconsult.net/irs-loosens-timelines-for-1031-exchange-buyers/): In an effort to relieve pressure on 1031 timelines while much of the country is shut down and lenders are focused on processing thousands of loans initiated under the CARES Act, the IRS has temporarily altered the requirements to meet its standard. - [The Unintended Consequences and Risks of Forbearance](https://creconsult.net/the-unintended-consequences-and-risks-of-forbearance/): Landlords who seek forbearance can’t evict tenants, charge late fees or issue negative credit reports for those who fail to pay rent. - [April’s Apartment Rent Defaults Weren't That Bad After All](https://creconsult.net/aprils-apartment-rent-defaults-werent-that-bad-after-all/): All told, 90% of renters made full or partial payments from April 1-12, 2019, compared with 91% of renters in March 1-12, 2020, according to the NMHC. That is a payment rate of 93% compared to the same time last month. - [Fiscal Stimulus and Investor Considerations](https://creconsult.net/fiscal-stimulus-and-investor-considerations/): Fiscal Stimulus and Investor Considerations - [IRS Extends Deadlines For 1031, Opportunity Zone Investors](https://creconsult.net/irs-extends-deadlines-for-1031-opportunity-zone-investors/): 1031 exchanges, investors who have to either identify or close on a property between April 1 and July 15 now have until July 15. - [IS COVID-19 AN “ACT OF GOD”?](https://creconsult.net/is-covid-19-an-act-of-god/): A pandemic might qualify as an “Act of God,” but that will depend on the answer to several questions, including, but not limited to: - [A break for multifamily property owners during COVID-19 outbreak](https://creconsult.net/a-break-for-multifamily-property-owners-during-covid-19-outbreak/): Fannie Mae and Freddie Mac to offer at least 90 days mortgage forbearance to multifamily property owners negatively impacted by the pandemic. - [Live Webcast - Global Health Crisis Real Estate Investment & Financing](https://creconsult.net/live-webcast-global-health-crisis-real-estate-investment-financing/): Most Up-to-Date Economic Assessment, Government Initiatives and Potential Impact, State of the Real Estate Financing and Transaction Markets, Challenges and Opportunities by Property Type - [Balancing Portfolios in a Transitioning Market](https://creconsult.net/balancing-portfolios-in-a-transitioning-market/): Stock Market Volatility Index Reaches Record High; Turbulence Reinforces Stability of Real Estate Investments. Stock market correction spurs portfolio recalibration  - [WILL THE CORONAVIRUS SPARK A RECESSION? Coronavirus Outbreak Special Report](https://creconsult.net/will-the-coronavirus-spark-a-recession-coronavirus-outbreak-special-report/): Real Estate Stability/Yield a Favorable Investment Option • Real estate remains less volatile than the stock market; Favorable interest rates offer boost to levered yield - [Stock Market vs. Commercial Real Estate – What’s the Better Investment?](https://creconsult.net/stock-market-vs-commercial-real-estate-whats-the-better-investment-2/): Stock Market vs. Commercial Real Estate – What’s the Better Investment? - [329 Transactions Valued at Over $1.5B in 2019](https://creconsult.net/329-transactions-valued-at-over-1-5b-in-2019/): Marcus & Millichap's Chicagoland Offices closed 329 Transactions Valued at Over $1.5B in 2019 How can we help you in 2020? - [Rethinking the Affordable Housing Equation](https://creconsult.net/rethinking-the-affordable-housing-equation/): The newest development migrating toward luxury, Class A apartment deals because higher rents are required to achieve a return on investment. - [Reach One Million Buyers](https://creconsult.net/reach-one-million-buyers/) - [Top Reasons to Sell Investment Properties](https://creconsult.net/top-reasons-to-sell-investment-properties/): There are any number of reasons people sell their Commercial Real Estate Investments, but below are a few of the most common. - [Higher-Income Renters Fuel Chicago’s Apartment Market](https://creconsult.net/higher-income-renters-fuel-chicagos-apartment-market/): The number of Chicago-area renters earning $75,000 or more rose 38.8% between 2010 and 2018, says a national report from the Harvard Joint Center for Housing Studies. - [Keeping an Eye on Multifamily Growth](https://creconsult.net/keeping-an-eye-on-multifamily-growth/): New development is expected to exceed anticipated demand for the first time in years. Wage growth does not seem to be keeping pace with rental price increases and certainly, rent control measures could significantly impact investment – especially in the value-add segment of the market. - [Marcus & Millichap Capital Alert - What a Difference a Year Makes](https://creconsult.net/marcus-millichap-capital-alert-what-a-difference-a-year-makes/): Whether your forecast for 2020 is exuberant or cautious, take advantage of the current environment to reassess and fortify your portfolio. - [2020 Multifamly Forums](https://creconsult.net/2020-multifamly-forums/): The Marcus & Millichap/IPA Multifamily Forums bring together the largest group of investors, financiers and decision-makers across North America. This creates a compelling incentive for sellers looking to showcase their properties to the most active qualified investors. No other firm moves capital across geographies and product types better than Marcus & Millichap. No other firm provides its agents and clients this type of opportunity. - [Feature Your Property at Europe's Premier Real Estate Event](https://creconsult.net/feature-your-property-at-europes-premier-real-estate-event/): Expose your property to this vast investment capital pool through Marcus & Millichap's presence at MIPIM, Europe's premiere real estate event. - [4Q 2019 Chicago Area Apartment Market Report](https://creconsult.net/4q-2019-chicago-area-apartment-market-report/): Leasing activity sustains momentum, supported by record low unemployment. Low interest rates and strong performance trends support investment activity, but investor caution remains elevated. - [Lenders Enter 2020 Willing to Fund New Apartment Construction](https://creconsult.net/lenders-enter-2020-willing-to-fund-new-apartment-construction/): Lower interest rates are helping offset rising labor and materials costs and helping sustain apartment construction levels. - [2020 Economic Outlook: Positioning Your Portfolio for the Maturing Cycle](https://creconsult.net/2020-economic-outlook-positioning-your-portfolio-for-the-maturing-cycle/): The U.S. economy remains in expansion, growing by 2.1 percent in the third quarter as the nation’s economic momentum continues to surmount barriers to growth. - [CRE Investment Strategies for 2020](https://creconsult.net/cre-investment-strategies-for-2020/): With the holiday weekend behind us, it is not too soon to look at what will be the top investment strategies for next year. They include: - [15 Risks Inherent in Commercial Real Estate Investment](https://creconsult.net/15-risks-inherent-in-commercial-real-estate-investment/): All investors that own CRE should perform a detailed and systematic review of the above risks and their potential effect on an asset or portfolio. - [Multifamily Investors Are Spending More Capital in Secondary, Tertiary Markets](https://creconsult.net/multifamily-investors-are-spending-more-capital-in-secondary-tertiary-markets/): Multifamily investors are now more likely to spend their money on properties in secondary and tertiary markets rather than in primary markets. - [There's No Recession-Proof CRE, But Some Property Types Will Slog Through Better Than Others](https://creconsult.net/theres-no-recession-proof-cre-but-some-property-types-will-slog-through-better-than-others/): The next recession has been predicted for a number of years now without making an appearance, but one of these days, history says, the business cycle will turn. What then for the various types of commercial real estate?  - [4Q19 Webcast - Multifamily Investment Outlook](https://creconsult.net/4q19-webcast-multifamily-investment-outlook/): In this live, interactive webcast, leading real estate experts will highlight select assets available for investment and discuss how emerging trends could influence multifamily real estate investing over the long term. - [Just Sold 22 Unit Multifamily Portfolio Macomb IL](https://creconsult.net/just-sold-22-unit-multifamily-portfolio-macomb-il/): Six Building 22 Unit Multifamily Portfolio Sold Exclusively Listed and Sold by Randolph Taylor Sourcing Out-of-State Buyer Collaborative Transaction with Marcus & Millichap Self-Storage Group - [Just Sold 18 Unit Multifamily Property South Suburban Chicago IL](https://creconsult.net/just-sold-18-unit-multifamily-property-south-suburban-chicago-il/): Just Sold 18 Unit Multifamily Property South Suburban Chicago IL - 18 Unit Multifamily Property Sold - 12 Two-Bedrooms/6 One Bedrooms, Exclusively Listed and Sold by Randolph Taylor with Marcus & Millichap, Located in South Suburban Chicago Blue Island, IL - [Marcus & Millichap 4Q 2019 Investment Forecast Webcast Series](https://creconsult.net/marcus-millichap-4q-2019-investment-forecast-webcast-series/): Join Marcus & Millichap for Mastering the Markets, our exclusive 2020 forecast webcast series. These live property-specific webcasts will each focus on the unique relevant trends while also featuring currently available investment opportunities. - [Marcus & Millichap has the largest pool of buyers in the industry](https://creconsult.net/marcus-millichap-has-the-largest-pool-of-buyers-in-the-industry/): Marcus & Millichap has the largest pool of buyers in the industry, which is great news for our list side clients. Leveraging our proprietary listing platform and the industry’s largest, most collaborative sales force, we market properties to the most qualified buyers from across the country. This creates a competitive bidding environment where buyers find investments that fit their needs, and sellers get the best possible offers: a true win-win. - [Considering Alternative Investments Before the Cycle Turns](https://creconsult.net/considering-alternative-investments-before-the-cycle-turns/): Most economic indicators remained in the plus category this month. Job growth, unemployment, inflation, and consumer confidence all continue to suggest a solid overall economy. But there are also growing concerns tied to the much anticipated slow down. - [MARCUS & MILLICHAP ARRANGES THE SALE OF AN AURORA, ILL APARTMENT BUILDING](https://creconsult.net/marcus-millichap-arranges-the-sale-of-an-aurora-ill-apartment-building/): Marcus & Millichap (NYSE: MMI) , a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of  a 12-unit apartment property located in Aurora, Ill, - [Will Cap Rates Chase Interest Rates Lower?](https://creconsult.net/will-cap-rates-chase-interest-rates-lower/): Could low-interest rates and elevated capital flow into commercial real estate compress yields? Uncertain economic outlook and the traditionally limited alignment of cap rate and interest rate movement point to cap rate stability Asset pricing and yield will balance strong fundamentals against perceptions of future economic risk - [Strong Fundamentals in Commercial Real Estate](https://creconsult.net/strong-fundamentals-in-commercial-real-estate/): Investors and owners continue to face a dichotomy of sorts. On the one hand, overall economic conditions remain strong.... - [Marcus and Millichap 12% Sales Price Premium Over Other Firms](https://creconsult.net/marcus-and-millichap-12-sales-price-premium-over-other-firms/): With a track record of achieving a 12% pricing premium over other alternative firms, our consistent and successful execution for clients has made us the #1 option for commercial investment brokerage for the last decade. - [FHFA Announces New Multifamily Loan Purchase Caps](https://creconsult.net/fhfa-announces-new-multifamily-loan-purchase-caps/): The Federal Housing Finance Agency (FHFA) recently announced new multifamily loan purchase caps for Fannie Mae and Freddie Mac. - [Did You Miss the Webinar? Replay and Slides Now Available](https://creconsult.net/did-you-miss-the-webinar-replay-and-slides-now-available/) - [Just Closed - 84 Unit Apartment Community Blue Island IL](https://creconsult.net/just-closed-84-unit-apartment-community-blue-island-il/) - [Interest Rate Volatility and Trade War: Implications for CRE Investors](https://creconsult.net/interest-rate-volatility-and-trade-war-implications-for-cre-investors/): Lower borrowing rates may be temporary; if trade war ends, rates could rise quickly - [Educate Network Sell Your Property - Multifamily Forums](https://creconsult.net/educate-network-sell-your-property-multifamily-forums/): The Marcus & Millichap/IPA Multifamily Forums bring together the largest group of investors and decision-makers across North America. Each event creates tremendous opportunities for sellers looking to showcase their properties to the most active qualified investors. No other firm moves capital across geographies and product types better than Marcus & Millichap. No other firm gives its clients this type of advantage. - [Small Business Optimism Signals Positive Real Estate Space demand](https://creconsult.net/small-business-optimism-signals-positive-real-estate-space-demand/): Revitalized small business sentiment points to sustained CRE space demand. Increasingly accommodative Fed boosting confidence and encouraging small business expansion. Business growth and elevated hiring efforts support demand for nearly every sector of real estate - [Demand for apartments reaches 5-year high across US](https://creconsult.net/demand-for-apartments-reaches-5-year-high-across-us/): Across the nation demand for apartments is now at a five-year high, a consequence of slow home sales and economic uncertainty. - [Recession Risks Apartment Vacancy Rises Rent Growth Drops Time to Trim Some Assets](https://creconsult.net/recession-apartment-vacancy-rises-rent-growth-drops-time-to-trim-some-assets/): Recession Risks Apartment Vacancy Risks Rent Growth Drops. How will this affect me? What are my alternatives if I sell my Multifamily property? Time to consider reallocating your portfolio to manage risk and increase yield? #RecessionRisks #ImpactonMultifamily #AlternativeInvestments - [Price Reduced 22 Unit Multifamily 10.5% Cap Rate](https://creconsult.net/price-reduced-22-unit-multifamily-10-5-cap-rate/): Marcus & Millichap is proud to present for sale a fully-occupied high yielding 22-unit multifamily portfolio in the western Illinois city of Macomb, home of Western Illinois University. Offering generous rates of return, this portfolio is composed of six separate properties in close proximity to one another consisting of nine two-bedrooms, eight one-bedrooms, and five studios. - [Waukegan apartments sell for $42 million](https://creconsult.net/waukegan-apartments-sell-for-42-million/): The sale highlights the strength of the suburban Chicago apartment market, which has lifted rents and property values over the past several years. - [Marcus & Millichap Arranges Sale of a 24-Unit Apartment property in Aurora, IL](https://creconsult.net/marcus-millichap-arranges-sale-of-a-24-unit-apartment-property-in-aurora-il/): Marcus & Millichap has announced the sale of a 24-unit apartment property located in Aurora, Ill. Randolph Taylor, an Associate, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the local seller and also represented the 1031 exchange buyer. - [Multifamily Chicago Report](https://creconsult.net/multifamily-chicago-report/): Demand is strong across the metro, as Millennials continue to move into well-located, modern apartments, pushing rent growth to its highest rate in two years. - [Low Unemployment Fuels Housing Demand, Favors Apartments](https://creconsult.net/low-unemployment-fuels-housing-demand-favors-apartments/): Tight labor market curbs job creation. The U.S. economy added 20,000 jobs in February, the lowest monthly total since September 2017. While the partial government shutdown and winter storms contributed to last month’s meager showing, the pace of hiring should recover in March. - [Illinois Rent Control Webcast Tomorrow](https://creconsult.net/illinois-rent-control-webcast-tomorrow/): Rent Control reduces the supply of rental units, increases prices for properties not covered and prevents those most in need from benefiting. - [Why rent control is wrong for Chicago](https://creconsult.net/why-rent-control-is-wrong-for-chicago/): Despite ongoing efforts to address the nation’s workforce housing crisis, it remains a critical issue in 2019, leading to a renewed push for rent control. - [CDC Extends Eviction Moratorium Once Again](https://creconsult.net/cdc-extends-eviction-moratorium-once-again/): Centers for Disease Control and Prevention has once again extended the eviction moratorium, this time through June 30. - [Client Webcast: CRE Investment Outlook 2021](https://creconsult.net/client-webcast-cre-investment-outlook-2021/): Will 2021 deliver an economic resurgence and employment recovery? Or could another disruption be lurking ahead? - [Here’s What Rising Interest Rates Mean For Cap Rates](https://creconsult.net/heres-what-rising-interest-rates-mean-for-cap-rates/): Rising interest rates are unlikely to push cap rates up this year, counter to what many investors may believe, according to a new analysis from Marcus & Millichap. - [MBA RIHA Study Examines Housing Affordability for Renters](https://creconsult.net/mba-riha-study-examines-housing-affordability-for-renters/): Nearly all of the 50 largest metro areas have become less affordable for renters and first-time homebuyers since 2001, forcing low- and moderate-income residents to pay almost 8 percent more of their incomes for housing than two decades ago, according to a new research report from the Mortgage Bankers Association’s Research Institute for Housing America. - [How Has COVID-19 Affected Apartment Rents? It Depends on the Neighborhood](https://creconsult.net/how-has-covid-19-affected-apartment-rents-it-depends-on-the-neighborhood-rp-analytics/): The U.S. apartment market was fundamentally changed by COVID-19 back in March 2020. But how the pandemic affected apartment rents depends largely on one thing – location. - [Investors: Most Asset Classes Will See Values Rise This Year](https://creconsult.net/investors-most-asset-classes-will-see-values-rise-this-year/): Investors are most bullish on the industrial sector as 2021 marches on, followed by the self-storage and multifamily sectors, according to a recent survey of 500 commercial real estate investors by Marcus & Millichap. - [Apartment Rents Jump in February](https://creconsult.net/apartment-rents-jump-in-february/): Effective asking rents for U.S. apartments climbed 0.6% in February, rising at the fastest single-month pace seen since the middle of 2019. - [Lenders See Opportunity Amid Adversity Forecast Survey Reveals](https://creconsult.net/lenders-see-opportunity-amid-adversity-forecast-survey-reveals/): Despite a tumultuous 2020, a year in which the country was turned upside down by a deadly pandemic that led to economic upheaval, the commercial real estate lending community overwhelmingly believes brighter days are ahead on the business front. - [Multifamily Permits Surge in January](https://creconsult.net/multifamily-permits-surge-in-january/): Building permits for the construction of multifamily projects hit an annual level of 557,000 units in January 2021, according to the U.S. Census Bureau’s monthly building permits survey. - [Single-Tenant Properties Attractive Fixed-Income Option; Competition Remains Strong](https://creconsult.net/single-tenant-properties-attractive-fixed-income-option-competition-remains-strong/): A common trade for Multifamily Owners are Net Leased Investments. Marcus & Millichap's Net Lease Division specializes in providing advisory and transaction services for all types of single-tenant properties. - [NMHC | Tools for Communicating with Residents](https://creconsult.net/nmhc-tools-for-communicating-with-residents/): This document offers eviction prevention information and resources for housing providers to consider that might be outside of their standard operating practices but might be warranted by these unconventional times created by the pandemic. - [Announcing the West & Central Florida Multifamily Forum | April 19-23](https://creconsult.net/announcing-the-west-central-florida-multifamily-forum-april-19-23/): Sessions address the major issues affecting the apartment and condo markets today, and the networking opportunities allow multi-housing principals to meet, talk and source deals and investment capital. - [March Rent Collections Hit 80 Percent](https://creconsult.net/march-rent-collections-hit-80-percent/): The latest figures come as Congress prepares for a final vote on the $1.9 trillion relief bill that will provide rental assistance, stimulus checks, and expanded unemployment insurance. - [On Time Rental Payments Continue to Tick Up](https://creconsult.net/on-time-rental-payments-continue-to-tick-up/): In its Rent Payment Tracker, The National Multifamily Housing Council found 80.4% of apartment renters made full or partial rent payments by March 6. By February 6, 79.2% had made full or partial payments. - [COVID-19: Where the Apartment Market Stands One Year Later](https://creconsult.net/covid-19-where-the-apartment-market-stands-one-year-later-rp-analytics/): One year later, key stats for the apartment market are in much better shape than what was initially feared back in March 2020. - [Understanding the Cash on Cash Return in Commercial Real Estate](https://creconsult.net/understanding-the-cash-on-cash-return-in-commercial-real-estate/): Understanding the cash on cash return in commercial real estate is important when you are evaluating investment real estate transactions. What is the cash on cash return and how do you calculate it for acommercial property? What are the nuances and limitations of the cash on cash return? In this article, we’ll tackle these questionsRead more - [2021 U.S. COMMERCIAL REAL ESTATE INVESTMENT OUTLOOK](https://creconsult.net/2021-u-s-commercial-real-estate-investment-outlook/): Marcus & Millichap has just released the 2021 U.S. COMMERCIAL REAL ESTATE INVESTMENT OUTLOOK - [The Challenges Millennials Face to Attaining Homeownership](https://creconsult.net/the-challenges-millennials-face-to-attaining-homeownership/): Millennials, or people spanning the ages of 24 to 39, are officially the nation’s largest generation, according to Pew Research Center. The young, but mature, age group is targeted to be in their prime home-buying years, but research shows they continue to lag behind previous generations in fulfilling the goal of homeownership. - [10 Smaller Markets That are Ripe for Multifamily Acquisitions](https://creconsult.net/10-smaller-markets-that-are-ripe-for-multifamily-acquisitions-globest/): There are, in fact, a number of smaller-sized cities that are ripe for apartment acquisitions, the report finds, as renters have moved en masse to these markets, abandoning pricey urban centers and coastal cities for the suburbs, the Sun Belt, and secondary gateway cities. - [Treasury Releases Updated Emergency Rental Assistance FAQ](https://creconsult.net/treasury-releases-updated-emergency-rental-assistance-faq/): Prior to the release of the most recent FAQ,  NMHC led a real estate stakeholder coalition letter  asking for clarification and guidance on a number of key issues for the industry and are pleased Treasury incorporated several industry recommendations into the updated FAQ. - [What The Rental Housing Industry Needs To Bounce Back From The Pandemic](https://creconsult.net/what-the-rental-housing-industry-needs-to-bounce-back-from-the-pandemic/): Millions of Americans who lost their jobs during the pandemic have fallen thousands of dollars behind on rent and utility bills. In one of President Joe Biden’s first official acts after his inauguration, he extended the federal ban on evictions through March. - [Park Place of Wheaton Value Add Office Building For Sale 100 West Roosevelt Rd](https://creconsult.net/park-place-of-wheaton-value-add-office-building-for-sale-100-west-roosevelt-rd/): Marcus and Millichap is proud to present Park Place of Wheaton, a wholly owned eight unit office condo property superbly located on highly visible West Roosevelt Rd and South Main Street in downtown Wheaton, IL DuPage County - [Apartment REIT Equity Residential Sees First Signs of More Urban Demand Since the Pandemic](https://creconsult.net/apartment-reit-equity-residential-sees-first-signs-of-more-urban-demand-since-the-pandemic/): One of the nation’s largest apartment developers and investors is experiencing the first signs of recovery in its properties in urban cores throughout the United States since the advent of the pandemic. - [Join Us | Mid-Atlantic Multifamily Online Conference](https://creconsult.net/join-us-mid-atlantic-multifamily-online-conference/): Join this year's conference in a reimagined ONLINE format designed specifically to recreate the in-person networking event experience through a special platform that combines content sessions with real time networking. - [Tampa: An Apartment Market to Watch](https://creconsult.net/tampa-an-apartment-market-to-watch/): Tampa is not one of the Florida markets on most investors’ radar screens, but the market’s economic resilience and improved market fundamentals could change that. - [The Ideal Post-Pandemic Portfolio](https://creconsult.net/the-ideal-post-pandemic-portfolio/): While certain real estate segments, like lodging and retail, have struggled during the pandemic, the current spread between direct real estate cap rates and corporate bond yields is well above the historical average. - [After 2020, More Millennials Doubt Homeownership](https://creconsult.net/after-2020-more-millennials-doubt-homeownership/): After the turbulence of 2020, more millennials doubt they will ever be able to purchase a home. - [2020 a Year of Innovation for Multifamily Operators](https://creconsult.net/2020-a-year-of-innovation-for-multifamily-operators-multifamily-executive-magazine/): With on-site leasing severely curtailed and social distancing protocols in place because of the pandemic, apartment managers had to turn on a dime and find new ways to serve prospects and residents. - [NMHC What You Need to Know: Emergency Rental Assistance Frequently Asked Questions](https://creconsult.net/nmhc-what-you-need-to-know-emergency-rental-assistance-frequently-asked-questions-faqs/): The Emergency Rental Assistance program makes available $25 billion to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic. - [NAIOP January Coronavirus Impacts Survey: Light at the End of the Tunnel](https://creconsult.net/naiop-january-coronavirus-impacts-survey-light-at-the-end-of-the-tunnel-naiop/): Respondents to a NAIOP tracking survey of the pandemic’s impact on commercial real estate indicate improving rent collection rates, increased industrial investment activity, and a more positive outlook for employment in their firms. - [February Rent Collections Hit 79%: NMHC](https://creconsult.net/february-rent-collections-hit-79-nmhc/): 79.2 percent of rental households made a full or partial rent payment by Feb. 6, a 1.9 percentage point decrease from the same time period last year - [Illinois Eviction Moratorium Explained - January 2021](https://creconsult.net/illinois-eviction-moratorium-explained-january-2021/): On Wednesday, January 20, 2021, the CDC announced that it would extend the current moratorium on residential evictions through at least March 31, 2021.  But landlords, take heart, President Biden also asked Congress to pass expansive rent relief to ease the burden on landlords. - [Meet The Experts Headlining APARTMENTS SPRING 2021](https://creconsult.net/meet-the-experts-headlining-apartments-spring-2021/): Designed to cover critical topics from both a national and regional perspective, the APARTMENTS SPRING program has confirmed leading investors, owners, developers, and landlords to speak. This year’s keynote speaker and panelists will share insights on the current outlook and landscape within the U.S. apartments and multifamily market, what is driving the multifamily transactions, how the pandemicRead more - [What Types of Debt, Equity Can CRE Investors Count On?](https://creconsult.net/what-types-of-debt-equity-can-cre-investors-count-on/): The pandemic continues to devastate portions of the U.S. economy, but investor confidence is expected to return in 2021 with the rollout of COVID-19 vaccines and more stimulus funding. - [2021 Could Deliver Strongest Growth Since 1984](https://creconsult.net/2021-could-deliver-strongest-growth-since-1984-globest/): In a new research video from Marcus & Millichap, John Chang gives a positive outlook for both economic and commercial real estate growth this year. - [NMHC Reports Mixed Results in Apartment Market Conditions Survey](https://creconsult.net/nmhc-reports-mixed-results-in-apartment-market-conditions-survey/): The National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions shows a mixed bag of market conditions as of January, based on responses from multifamily professionals. - [Feds announce Temporary Rental Assistance funding](https://creconsult.net/feds-announce-temporary-rental-assistance-funding/): The Government of Canada announced it will be offering Temporary Rental Assistance funding of up to $15 million to assist former federally administered social housing projects whose operating agreements expired prior to April 1, 2016. - [5 Things Teleworkers Look for When Searching for a New Apartment](https://creconsult.net/5-things-teleworkers-look-for-when-searching-for-a-new-apartment/): Despite the vaccine rollout and gradual efforts to increase the vaccination rate, the work-from-home lifestyle is unlikely to fade away anytime soon - [Multifamily property values rise, but not uniformly](https://creconsult.net/multifamily-property-values-rise-but-not-uniformly/): Recent reports from  CoStar  and from  Real Capital Analytics  (RCA) show that multifamily property values continued to increase through the end of 2020, despite the pandemic. - [U.S. Apartment Rents Near Recovery in January](https://creconsult.net/u-s-apartment-rents-near-recovery-in-january-rp-analytics/): Preliminary statistics for January show that average rents for U.S. apartments now are within a hair of the all-time highs seen in early 2020, as more individual metros are moving back into price growth mode. - [Naperville named among Best Places to Live if You Work From Home by Money Magazine](https://creconsult.net/naperville-named-among-best-places-to-live-if-you-work-from-home-by-money-magazine-2/): The city frequently recognized for its safety and great schools can add the best place to work from home to its list of accolades. - [Freddie Mac Sees Improving Multifamily Sector for 2021](https://creconsult.net/freddie-mac-sees-improving-multifamily-sector-for-2021-4/): After facing many pandemic-related challenges in 2020, Freddie Mac sees several reasons for optimism that the multifamily market will rebound in 2021 including a boost in originations and positive rent growth in most markets. - [The Best Cities to Buy Multifamily Property in 2021](https://creconsult.net/the-best-cities-to-buy-multifamily-property-in-2021/): While some investors are waiting for the health crisis to be resolved, others are seizing the opportunity to buy apartments in the best performing multifamily markets across the country. - [Three Lessons From Owning And Operating Multifamily Properties During A Pandemic](https://creconsult.net/three-lessons-from-owning-and-operating-multifamily-properties-during-a-pandemic/): Cash flow in most properties has remained steady, and  rent collections  have remained high — over 90% nationwide. - [How To Evaluate A Real Estate Syndicator Using The MAC Framework](https://creconsult.net/how-to-evaluate-a-real-estate-syndicator-using-the-mac-framework/): Evaluating a direct real estate investment is different than investing in stocks, bonds, and mutual funds. When you invest in direct commercial real estate, you own a fractional percentage of the actual property. - [Investor Excitement And Rental Demand Are The Perfect Pandemic Pair In Multifamily Real Estate](https://creconsult.net/investor-excitement-and-rental-demand-are-the-perfect-pandemic-pair-in-multifamily-real-estate/): There’s been a lot of dry powder capital building up, which has to go somewhere, and asset classes like multifamily are reaping the benefits of eager investors looking to spend. - [Design An Investment Property With A Variety Of Renters In Mind](https://creconsult.net/design-an-investment-property-with-a-variety-of-renters-in-mind/): this new work-from-home trend, multifamily landlords, developers, and designers are reconsidering design elements fit for the remote work lifestyle, but it's also important to consider how long this trend will last. - [Will Transaction Activity Accelerate in 2021? [Video]](https://creconsult.net/will-transaction-activity-accelerate-in-2021-video/): Prospects for a strong rebound in investment activity in 2021 are positive. There is tremendous capital on the sidelines in the form of consumer savings and money market funds. - [How Quickly Will Apartment Rents Start Growing Again?](https://creconsult.net/how-quickly-will-apartment-rents-start-growing-again-rp-analytics/): At the end of 2020, annual effective asking rents for the nation overall were cut by 1.1%. Moving forward, however, pricing is expected to reach the breakeven point in the last half of 2021, and then growth could return, getting higher than 3% by the end of calendar 2022 - [Freddie Mac Provides Record $82.5 Billion in Multifamily Volume in 2020](https://creconsult.net/freddie-mac-provides-record-82-5-billion-in-multifamily-volume-in-2020-multifamily-executive-magazine/): A new $70 billion cap has been established for 2021 with a 50% mission-driven requirement with new and different criteria. - [Construction materials prices edge higher as lumber rebounds](https://creconsult.net/construction-materials-prices-edge-higher-as-lumber-rebounds-yield-pro/): The recent run-up in prices is being attributed to the weather being unseasonably favorable to building activity for this time of year, along with mills shutting down for maintenance. - [Valuable Real Estate Tax Benefit Should Escape The Chopping Block, But For How Long?](https://creconsult.net/valuable-real-estate-tax-benefit-should-escape-the-chopping-block-but-for-how-long/): If the Biden administration’s goal is to revive the economy, create jobs, and bring back business and consumer confidence, getting rid of 1031 exchanges would be an effective way of shooting the economy in the foot. - [New Plan for Fannie, Freddie Threads the Needle](https://creconsult.net/new-plan-for-fannie-freddie-threads-the-needle/): Fannie and Freddie on the road to better financial health while slightly reducing their competitive position in the multifamily market. - [Multifamily Properties Are Positioned for a Strong 2021](https://creconsult.net/multifamily-properties-are-positioned-for-a-strong-2021/): The multifamily sector weathered the storm in 2020, living up to its reputation as one of the most stable commercial real estate asset classes. - [Affordable Housing Collections Rebound in December | GlobeSt](https://creconsult.net/affordable-housing-collections-rebound-in-december-globest/): Collections for public housing reached 97% of 2019 rates, and affordable housing reached 83%—the highest level for the latter class since June. - [U.S. Apartment Demand Holds Strong in Typically Slow 4Q | RP Analytics](https://creconsult.net/u-s-apartment-demand-holds-strong-in-typically-slow-4q-rp-analytics/): After apartment leasing slowed drastically in the spring and early summer of 2020, due to the COVID-19 pandemic, demand rebounded in the last half of the year. - [2021 Multifamily Outlook: Suburban Strength | Multifamily Executive Magazine](https://creconsult.net/2021-multifamily-outlook-suburban-strength-multifamily-executive-magazine/): Over the last 10 years, anyone could do well in multi-family, and we expect that 2021 will see a separation of the good from the not so good. A bifurcation in performance is coming that will present new buying and business growth opportunities for top performers. - [Historic Year for Apartments as Cities Lose Their Edge and Suburbs Gain](https://creconsult.net/historic-year-for-apartments-as-cities-lose-their-edge-and-suburbs-gain/): Last year turned many apartment fundamentals on their head in ways that could have lasting effects. - [More Apartment Dwellers Paid January Rent Than in Prior Month, Latest Figures Show](https://creconsult.net/more-apartment-dwellers-paid-january-rent-than-in-prior-month-latest-figures-show/): More residents in professionally managed apartments paid their rent this month than in December, but they still trail the number of renters who paid a year ago, according to new figures from a multifamily industry advocacy group. - [National US Rental Demand Closes Out Year at Strongest Level Since 2000](https://creconsult.net/national-us-rental-demand-closes-out-year-at-strongest-level-since-2000/): The United States ended the year with the best fourth quarter for apartment demand in two decades with large Sun Belt cities driving the most traffic, though some high-priced coastal markets hit hard by the coronavirus pandemic initially now appear to be rounding the corner. - [Yahoo! Finance: The Two Sides of the 2021 Commercial Real Estate Outlook](https://creconsult.net/yahoo-finance-the-two-sides-of-the-2021-commercial-real-estate-outlook/): Yahoo! Finance Features Marcus & Millichap's President and CEO Hessam Nadji - [Institutional Investors Show Greater Interest in Suburban Offices](https://creconsult.net/institutional-investors-show-greater-interest-in-suburban-offices/): A demographic shift from urban to suburban life was already occurring prior to the COVID-19 pandemic, as millennials in their late 20s and early 30s were beginning to start families and move to the suburbs. - [This Is What a Multifamily Property Looks Like During COVID-19 and Beyond](https://creconsult.net/this-is-what-a-multifamily-property-looks-like-during-covid-19-and-beyond/):  Multifamily buildings are changing in light of  COVID-19. These changes are partly due to the health concerns the pandemic has brought on. But another part? That’d be changing renter demands and preferences. It’s true: The coronavirus pandemic has had a marked impact on renter sentiment, affecting what tenants need in their homes, as well asRead more - [Affordable housing may be required in projects in Naperville](https://creconsult.net/affordable-housing-may-be-required-in-projects-in-naperville/): The city of Naperville has taken an initial step towards requiring developers to include affordable housing in their plans, but the city council wants to be careful not to stymie development. - [NMHC | How Would Biden’s Tax Proposal Impact the Multifamily Industry?](https://creconsult.net/nmhc-how-would-bidens-tax-proposal-impact-the-multifamily-industry/): President-elect Joseph Biden has offered tax proposals that, if enacted, would substantially impact developers, operators, and managers of multifamily housing. - [Leveraging Depreciation As A Multifamily Investment Tax Benefit](https://creconsult.net/leveraging-depreciation-as-a-multifamily-investment-tax-benefit/): One of the major benefits of commercial multifamily investment is that, under IRS rules, property owners and investors are entitled to “depreciate” the value of their asset each year, which reduces the property’s taxable income and the associated tax liability. - [NMHC | NMHC Rent Payment Tracker](https://creconsult.net/nmhc-nmhc-rent-payment-tracker/): The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.6 percent of apartment households made a full or partial rent payment by January 6 in its survey of almost 11.3 million units of professionally managed apartment units across the country. - [Why Real Estate Is One Asset That Builds Generational Wealth](https://creconsult.net/why-real-estate-is-one-asset-that-builds-generational-wealth/): Real estate is a proven commodity. There may be down years, but in the long term, real estate constantly appreciates and cash flowing real estate generates consistent income. - [Investing In Multifamily In The New Year](https://creconsult.net/investing-in-multifamily-in-the-new-year/): How the pandemic has affected apartment investing over the course of 2020, and consider some predictions on how the pandemic will affect the multifamily investment space moving forward in 2021 and beyond. - [Can Apartment Players Finally Exhale?](https://creconsult.net/can-apartment-players-finally-exhale/): After months of suffering because of the Coronavirus pandemic, the multifamily sector is finally getting not just one good report but, instead, a healthy batch of good news. - [Why Apartment Rents Have Remained Strong Through the Pandemic](https://creconsult.net/why-apartment-rents-have-remained-strong-through-the-pandemic/): Apartment rent payments overall have remained stable throughout the pandemic—a welcome surprise considering the rapid increase in unemployment. - [Options for multifamily landlords with nonpaying (or slowing) tenants](https://creconsult.net/options-for-multifamily-landlords-with-nonpaying-or-slowing-tenants/): the CDC order is now set to expire on January 31, 2021, the CDC order will likely be further extended. In the interim, multifamily landlords may wish to consider the checklist items above to address a nonpaying tenant. - [Nearly 90% Of Renters Paid Up in December](https://creconsult.net/nearly-90-of-renters-paid-up-in-december/): The NMHC’s Rent Payment Tracker, which surveys 11.5 million units of professionally managed apartments across the country, found that 89.8% of apartment households made either a full or partial rent payment by December 20. - [‘It’s a start:’ Stimulus bill includes $25 billion in emergency rental relief, extends eviction moratorium](https://creconsult.net/its-a-start-stimulus-bill-includes-25-billion-in-emergency-rental-relief-extends-eviction-moratorium/): Congress is set to pass a coronavirus relief bill that includes funding for rental assistance and the continuation of the nationwide eviction moratorium. - [Deferred Sales Trusts: A Real Estate Tax Strategy](https://creconsult.net/deferred-sales-trusts-a-real-estate-tax-strategy/): A deferred sales trust is a method used to defer capital gains tax  when selling real estate or other business assets that are subject to capital gains tax. Instead of receiving the sale proceeds at closing, the money is put into a trust and only taxed as the funds from the sale are received. - [How to Calculate Capital Gains Tax on the Sale of Investment Property](https://creconsult.net/how-to-calculate-capital-gains-tax-on-the-sale-of-investment-property/): When you sell investment property, all of your profits are subject to either capital gains tax or depreciation recapture tax, which is a special type of capital gains tax. Your tax gets calculated on the difference between your cost basis and your selling price. - [2021 Multifamily Investment Outlook Webcast - Wednesday December 9th 3PM CST](https://creconsult.net/2021-multifamily-investment-outlook-webcast-wednesday-december-9th-3pm-cst/): Register for the Annual 2021 Marcus and Millichap Multifamily Investment Outlook Webcast to be held on Wednesday December 9th at 3PM CST - [New Listing 10-Unit Value-Add Multifamily Property For Sale Blue Island IL](https://creconsult.net/new-listing-10-unit-value-add-multifamily-property-for-sale-blue-island-il/): Marcus and Millichap is pleased to present to market this fully occupied 10-unit value-add multifamily offering in Blue Island, Illinois, a southern suburb of Chicago. - [What the Election Results Mean for Real Estate Investors](https://creconsult.net/what-the-election-results-mean-for-real-estate-investors/): What the Election Results Mean for Real Estate Investors - [Single Tenant Drug Store Sector Cap Rates Increase](https://creconsult.net/single-tenant-drug-store-sector-cap-rates-increase/): Cap rates for Rite Aid and Walgreens properties experienced cap rate increases of 19 and 15 basis points respectively. - [Fully Occupied Multifamily Property Plus Commercial Unit Joliet IL](https://creconsult.net/fully-occupied-multifamily-property-plus-commercial-unit-joliet-il/): Marcus & Millichap is proud to present to market two adjacent, fully-occupied buildings on one parcel, consisting of five multifamily units plus a commercial unit (salon). - [Apartment Owners Report Improving Sales, Other Conditions](https://creconsult.net/apartment-owners-report-improving-sales-other-conditions/): National apartment conditions could be showing signs of improvement, according to apartment owners then responded to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions. - [Are Apartments Still an Inflation Hedge?](https://creconsult.net/are-apartments-still-an-inflation-hedge/): With sophisticated daily pricing tools, apartments today are better positioned to respond to inflationary pressures than they were forty to fifty years ago. - [Apartments in Lower-Cost Areas Set to Thrive](https://creconsult.net/apartments-in-lower-cost-areas-set-to-thrive/): With remote working increasing and oversupply a concern in urban markets, trends seem to favor suburban apartments in the future. - [Register Now - Live Webinar Industry Leaders CREW Network, ICSC, NAIOP and NMHC Thursday October 15th](https://creconsult.net/register-now-live-webinar-industry-leaders-crew-network-icsc-naiop-and-nmhc-thursday-october-15th/): Register now to attend this one-hour webcast featuring top industry leaders from CREW Network, ICSC, NAIOP, and NMHC. - [Where Did All of the Evictions Go?](https://creconsult.net/where-did-all-of-the-evictions-go/): Renters are paying their monthly rent at near-normal levels and millions of renters haven’t been displaced as feared. - [Call For Offers - Victorian Apartments 152 Units Montgomery IL](https://creconsult.net/call-for-offers-victorian-apartments-152-units-montgomery-il/): Marcus & Millichap is proud to present to market Victorian Apartments, a 152-unit apartment community located in west suburban Montgomery, Illinois - [Apartment Demand Surges to Strongest Third Quarter on Record](https://creconsult.net/apartment-demand-surges-to-strongest-third-quarter-on-record/): Tenants are moving to the suburbs in droves, according to CoStar’s latest apartment report, and downtown landlords are cutting rents. - [Apartment Leasing is Coming Back to Life](https://creconsult.net/apartment-leasing-is-coming-back-to-life/): Occupied apartments climbed by nearly 147,000 units, outpacing absorption in the second quarter by more than four times. Even more promising, demand in Q3 increased by 8% year-over-year. - [Multifamily property values continue to rise in August](https://creconsult.net/multifamily-property-values-continue-to-rise-in-august/): A pair of recent reports, one from  CoStar and another from  Real Capital Analytics  (RCA), show that multifamily property continues to see price increases despite the pandemic. - [6 Tips for Tackling Multifamily Due Diligence Right Now](https://creconsult.net/6-tips-for-tackling-multifamily-due-diligence-right-now/): Multifamily deals are seeing a surge right now, despite COVID challenges. Multifamily investors need a good formula to make the due diligence go smoothly. - [Apartment Renter Debt Improves Despite Lack of Federal Pandemic Relief](https://creconsult.net/apartment-renter-debt-improves-despite-lack-of-federal-pandemic-relief/): Rent debt improved slightly in September as the economy has continued to improve and add back jobs. - [Comparing urban and suburban apartment markets](https://creconsult.net/comparing-urban-and-suburban-apartment-markets/): Although occupancy has fallen in both urban and suburban areas since the pandemic started, the impact has been more pronounced in the urban areas. - [Apartment Leasing Rebounds to Normal Levels](https://creconsult.net/apartment-leasing-rebounds-to-normal-levels/): The pandemic immediately impacted apartment leasing activity, but about six weeks into the pandemic, leasing activity rebounded to normal levels. - [Spread Between Interest Rates and Commercial Real Estate Cap Rates Near Widest Point on Record](https://creconsult.net/spread-between-interest-rates-and-commercial-real-estate-cap-rates-near-widest-point-on-record/): The spread between interest rates and commercial real estate cap rates is near the widest point on record, offering investors a rare opportunity to capitalize on this yield premium and boost levered returns. - [NMHC Rent Payment Tracker Finds 86.2 Percent of Apartment Households Paid Rent as of September 13](https://creconsult.net/nmhc-rent-payment-tracker-finds-86-2-percent-of-apartment-households-paid-rent-as-of-september-13/): This is a 2.4-percentage point, or 279,457-household decrease from the share who paid rent through September 13, 2019, and compares to 86.9 percent that had paid by August 13, 2020. - [Multifamily Construction Sees Modest Shift to Lower-Density Markets](https://creconsult.net/multifamily-construction-sees-modest-shift-to-lower-density-markets/): After COVID-19 hit in the second quarter, the balance changed, shifting to lower-density markets, including exurbs of large metros and smaller metropolitan areas - [Cap rates for small multifamily properties barely budged between the first and second quarters of 2020](https://creconsult.net/cap-rates-for-small-multifamily-properties-barely-budged-between-the-first-and-second-quarters-of-2020/): The cap rates for small multifamily properties barely budged between the first and second quarters of 2020, according to a new report by Chandan Economics and Arbor Realty Trust. - [Suburbs Outperform Cities as Renters Relocate: Report](https://creconsult.net/suburbs-outperform-cities-as-renters-relocate-report/): The national shift toward remote work is shifting rental demand from urban areas to suburban areas, as many workers across the country look for more space at a lower cost, according to a new report from Marcus & Millichap. - [Freddie, Fannie Keep Capital Flowing to Multifamily Borrowers](https://creconsult.net/freddie-fannie-keep-capital-flowing-to-multifamily-borrowers/): Freddie Mac and Fannie Mae are on track to lend nearly as many dollars to apartment properties in 2020 as they did in 2019. - [Apartment Renters Scrutinize Onsite Staff More Than Ever Before](https://creconsult.net/apartment-renters-scrutinize-onsite-staff-more-than-ever-before/): After two years of rapid change and uncertainty, residents are paying attention now more than ever to the care and trustworthiness of management companies, according to a recent report from J Turner Research. - [Chicago & the Midwest Multifamily Forum](https://creconsult.net/chicago-the-midwest-multifamily-forum/): Join fellow multifamily owners, investors, and developers as well as industry experts and solution providers at the Marcus & Millichap / IPA Multifamily Forum: Chicago & the Midwest 2021 - [FHFA Raises Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac](https://creconsult.net/fhfa-raises-multifamily-loan-purchase-caps-for-fannie-mae-and-freddie-mac/): The Federal Housing Finance Agency (FHFA) has set the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac to be $78 billion for each agency for a combined total of $156 billion. - [How to Cater to Millennials’ Evolving Needs](https://creconsult.net/how-to-cater-to-millennials-evolving-needs/): As the oldest Millennials are approaching 40, their needs are changing. Because they have different factors influencing their needs than they did in their 20s and 30s, Millennial renters’ preferences have shifted considerably. - [Luxury Apartment Rent Premiums Growing Once Again](https://creconsult.net/luxury-apartment-rent-premiums-growing-once-again/): This month, the nation’s average monthly rent for a luxury apartment will top $2,000 for the first time. - [Housing Affordability Expected to Decrease In Months Ahead](https://creconsult.net/housing-affordability-expected-to-decrease-in-months-ahead/): Rising home prices and interest rates will decrease housing affordability even further in the months ahead, predicts National Association of Home Builders Chief Economist Robert Dietz. - [Mortgage Rates Are Heading Higher As Fed Plans Bond Taper](https://creconsult.net/mortgage-rates-are-heading-higher-as-fed-plans-bond-taper/): As the Fed plans tapering its mortgage-bond purchases, mortgage rates are heading higher. - [Tax Reform Strategies for CRE Investors [Webcast]](https://creconsult.net/tax-reform-strategies-for-cre-investors-webcast/): Tax reform is one of the most significant issues every commercial real estate investor needs to monitor. Tax changes can force investors to radically shift their investment strategies over both the short- and long-term horizon. - [U.S. Apartment Vacancy Plunges in September to Record Low as Lease Renewals Surge](https://creconsult.net/u-s-apartment-vacancy-plunges-in-september-to-record-low-as-lease-renewals-surge/): Apartment vacancies nationally dwindled to another record low in September at just 2.7%, according to RealPage, Inc. This marked the fourth consecutive month of record-breaking lows in a dataset going back three decades. - [Mark Zandi US Economy Is Shifting But Changes Good for CRE](https://creconsult.net/mark-zandi-us-economy-is-shifting-but-changes-good-for-cre/): The pandemic is altering the U.S. economy, changes in store bode well for commercial real estate. - [Chicagoland housing market stabilizes after unpredictable year](https://creconsult.net/chicagoland-housing-market-stabilizes-after-unpredictable-year/): Although demand, and therefore prices, remains high, the end of the summer shows signs of stabilization in the local housing market. - [WHICH CRE PROPERTY TYPES ARE OUTPERFORMING?](https://creconsult.net/which-cre-property-types-are-outperforming/): Investor sentiment elevated for the outperforming sectors – Apartment, Industrial and Self-Storage - [HOUSING RESEARCH BRIEF: SEPTEMBER 2021](https://creconsult.net/housing-research-brief-september-2021/): Tight multifamily vacancy supports permit surge. Across the residential sector, permit activity climbed in August. - [Which CRE Property Types Were More Impacted by COVID?](https://creconsult.net/which-cre-property-types-were-more-impacted-by-covid/): Property types most impacted by COVID – Hotels, Seniors Housing, Retail and Office - [What CRE Would You Overpay For Today?](https://creconsult.net/what-cre-would-you-overpay-for-today/): The current investment landscape is highly dynamic and aggressive bid activity has broadly pushed cap rates for high-performing assets to low levels - [Which 3 Property Types Had the Best Price Growth?](https://creconsult.net/which-3-property-types-had-the-best-price-growth/): RCA’s Commercial Property Price Index said the below sectors had the strongest YOY price increase as of August - [Rents are skyrocketing the most in these US cities](https://creconsult.net/rents-are-skyrocketing-the-most-in-these-us-cities/): The national median rent rose to $1,302 in September, up 15% from a year ago, according to a report from Apartment List, a rental listing site. - [Uh-Oh Growth is Slowing Is CRE Next?](https://creconsult.net/uh-oh-growth-is-slowing-is-cre-next/): the amount of money in the monetary system and the pressure it creates to invest, “investors are trying to invest in hard assets as an inflation hedge.” - [US Real Estate Price Growth Gathers Pace in August](https://creconsult.net/us-real-estate-price-growth-gathers-pace-in-august/): All four major U.S. commercial real estate types posted double-digit annual price growth in August, propelling the US National All-Property Index to a 13.5% year-over-year increase - [Senior Living Must Adapt as Demographics Transform Real Estate](https://creconsult.net/senior-living-must-adapt-as-demographics-transform-real-estate/): The baby boomer generation will change senior living and long-term care even more than some experts predict, and the industry is not nearly prepared to handle the influx of boomers entering the space over the next two decades. - [Millennials Aren’t Abandoning Apartments After All](https://creconsult.net/millennials-arent-abandoning-apartments-after-all/): One shift expected from the pandemic was the movement of millennials away from apartments and toward single-family housing. Recent data and analysis show, however, that this trend may be petering out, according to a new report from Moody’s Analytics. Instead, multifamily fundamentals look bright for both the short and medium-term, it finds. - [Treasury To Release Final Rental Assistance Funds To Most Efficient Jurisdictions](https://creconsult.net/treasury-to-release-final-rental-assistance-funds-to-most-efficient-jurisdictions/): On Tuesday, the U.S. Treasury Department announced it would release the remaining $13B allocated by Congress for distribution to states and local jurisdictions that have already reached benchmarks for success in getting those funds to renters and landlords. - [Pandemic and Pricing Pressures Building, Apartment Construction Strategy Gets a Rethink](https://creconsult.net/pandemic-and-pricing-pressures-building-apartment-construction-strategy-gets-a-rethink/): Mid-sized cities near large markets are gaining a greater focus for apartment developers as the country moves away from the pandemic, and for many, away from the big cities. - [Chicago’s Downtown Rental Market Comes Back Hotter Than Pre-Pandemic Levels](https://creconsult.net/chicagos-downtown-rental-market-comes-back-hotter-than-pre-pandemic-levels/): Renters absorbed nearly 9,900 units from April to June, the strongest quarter for leasing in more than 10 years - [Up to 8M Apartment New Lease Signings Expected in Next Six Months](https://creconsult.net/up-to-8m-apartment-new-lease-signings-expected-in-next-six-months/): With peak Delta variant cases soon to hit this month followed by a likely retreat, apartment renters appear poised more than usual to get out and move - [Supreme Court Strikes Down Two-Month Extension of Evictions Ban](https://creconsult.net/supreme-court-strikes-down-two-month-extension-of-evictions-ban/): The U.S. Supreme Court late Thursday struck down the Biden administration’s two-month extension of the nationwide moratorium on evictions. - [What is RUBS?](https://creconsult.net/what-is-rubs/): Ratio Utility Billing System (commonly known as a RUBS program) is a method for allocating master billed utility expenses to residents of a multifamily community. - [Federal Eviction Ban is Over. What’s Ahead?](https://creconsult.net/federal-eviction-ban-is-over-whats-ahead/): The U.S. Supreme Court’s decision overturning the Centers for Disease Control’s eviction moratorium has ended the federal ban, but not the questions. Responses to the ruling from a broad spectrum of stakeholders make it clear that much more lies before the crisis is resolved. - [How Lenders Are Underwriting Post-Pandemic Apartment Deals](https://creconsult.net/how-lenders-are-underwriting-post-pandemic-apartment-deals/): The pandemic may not totally be in the rearview mirror, but the economy is already starting down the path toward recovery - [Chicago Apartment Rents Rise to Seven-Month High](https://creconsult.net/chicago-apartment-rents-rise-to-seven-month-high/): Median rent for a two-bedroom apartment in Chicago jumped 1.2 percent to $1,423 in August from July and is up 4.4 percent from a year ago, according to a report by Apartment List. It has now risen for seven consecutive months. - [Chicago property owners are fighting Cook County Assessor ahead of reassessments](https://creconsult.net/chicago-property-owners-are-fighting-cook-county-assessor-ahead-of-reassessments/): Fritz Kaegi knew he was walking into the line of fire when he set out three years ago to revamp Cook County’s property tax assessments. Still, he says, he is pushing to reform the system, which he described as flawed, unfair, and in some cases corrupt for many generations. - [CRE Investment Volume Is Rising At Strong Pace](https://creconsult.net/cre-investment-volume-is-rising-at-strong-pace/): Deal volume for US commercial real estate assets rose 74% year-over-year in July and remained well above the average pace set across each July since 2005, according to a new analysis from Real Capital Analytics. - [Small Property Sales 'Easily Outpaced' Larger Assets This Year](https://creconsult.net/small-property-sales-easily-outpaced-larger-assets-this-year/): Sales of properties valued between $5 million and $25 million have “easily” outpaced those from the same period in 2019 and 2020, according to a new report from Green Street, with $28.11 billion in smaller assets changing hands. - [What is Class A Class B or Class C property?](https://creconsult.net/what-is-class-a-class-b-or-class-c-property/): A common question we receive from our investors is what do properties marketed as Class A, Class B, and Class C mean, and why does it matter? - [What is a Tenancy in Common (TIC) Investment?](https://creconsult.net/what-is-a-tenancy-in-common-tic-investment/): Tenancy in common investments ("TIC" or "TIC Investments") have become a booming industry in the United States in recent years. A tenancy in common investment (better known as a TIC) is an investment by the taxpayer in real estate which is co-owned with other investors. - [Renewal Lease Rent Growth Moves Toward Normal](https://creconsult.net/renewal-lease-rent-growth-moves-toward-normal/): When COVID-19 emerged in Spring 2020, the nation’s apartment operators (rightly) prioritized occupancy over pricing power, so they hesitated to push rents when initial leases expired for their existing customers. - [Ten Facts to Challenge the Evictions Doomsday Narrative](https://creconsult.net/ten-facts-to-challenge-the-evictions-doomsday-narrative-rp-analytics/): A wide range of indicators shows surprising strength in everything from jobs, wages, and personal savings to home sales and apartment demand. - [Checking In On Rent Recovery in Gateway Metros](https://creconsult.net/checking-in-on-rent-recovery-in-gateway-metros/): Effective asking rents have now fully recovered in a half-dozen gateway metros since prices hit pre-pandemic levels during June across Chicago, Los Angeles, and Northern New Jersey’s Newark-Jersey City area. - [Some Smaller Markets Are Seeing Fewer Than 500 Vacant Apartments](https://creconsult.net/some-smaller-markets-are-seeing-fewer-than-500-vacant-apartments/): Apartment occupancy across the U.S. is sky high and in several small markets, all-time high occupancy rates and fewer total existing units translates into very few vacant units available for rent. - [Are Eviction Bans Driving Up Rents?](https://creconsult.net/are-eviction-bans-driving-up-rents/): As rents have skyrocketed to record levels this summer, we’re often asked: Are rents surging because of the eviction moratorium? - [Fully Occupied Multifamily Property For Sale Amber Ridge Apartments 991 Tollview Ave Aurora IL 60505](https://creconsult.net/fully-occupied-multifamily-property-amber-ridge-apartments-991-tollview-ave-aurora-il-60505/): Marcus & Millichap is pleased to present to market Amber Ridge Apartments, a fully occupied 24-unit multifamily complex on the NE side of Aurora, IL bordering affluent Naperville, IL just to the East. - [Just Closed! Fully Occupied 8-Unit Multifamily Property Aurora IL](https://creconsult.net/just-closed-fully-occupied-8-unit-multifamily-property-aurora-il/): Just Closed!  | 8-Unit Multifamily Property | 1751 Felten Rd. Aurora, IL 60505 Contact Randolph Taylor for your Multifamily Investment Acquisition & Disposition Needs - [Rental bidding wars heat up as economy improves in tight housing market](https://creconsult.net/rental-bidding-wars-heat-up-as-economy-improves-in-tight-housing-market/): They are usually reserved for homebuyers, but bidding wars are becoming more common in the rental home market. Demand for apartment and single-family rentals is surging and outpacing supply. - [Top Misconceptions About 1031 Exchanges](https://creconsult.net/top-misconceptions-about-1031-exchanges/): For 2021, here are our latest top misconceptions we’ve found that the public has about 1031 Exchanges. - [Migration trends change rental market in Illinois elsewhere](https://creconsult.net/migration-trends-change-rental-market-in-illinois-elsewhere/): Americans are on the move, and those moves are affecting rent prices in Illinois and around the country. - [Post-Pandemic Cycle Accelerating But New Tax Proposals Spark Uncertainty](https://creconsult.net/post-pandemic-cycle-accelerating-but-new-tax-proposals-spark-uncertainty/): FOX BUSINESS FEATURES MARCUS & MILLICHAP'S PRESIDENT AND CEO HESSAM NADJI Post-Pandemic Cycle Accelerating, But New Tax Proposals Spark Uncertainty - [Apartment Demand Bounces Back in Gateway Markets](https://creconsult.net/apartment-demand-bounces-back-in-gateway-markets/): Apartment demand rebounded in the nation’s gateway markets in the 2nd quarter, after fundamentals in these regions suffered throughout much of the past year. - [How Apartments Have Prevailed During the Pandemic](https://creconsult.net/how-apartments-have-prevailed-during-the-pandemic/): History tells us that during recessions, multifamily housing production contracts moderately, rent declines are short-lived, and vacancies only increase briefly and by modest amounts. - [Smaller Deals Come to the Forefront in Net Lease](https://creconsult.net/smaller-deals-come-to-the-forefront-in-net-lease/): Right now, bigger isn’t necessarily better in net lease. During a COVID flight to safety, investors stayed away from portfolios. Those transactions decreased from 18% in the first quarter of 2020 to approximately 14.5% in the first quarter of this year, according to Marcus & Millichap. - [Cap Rates Facing Downward Pressure for Many Types of CRE](https://creconsult.net/cap-rates-facing-downward-pressure-for-many-types-of-cre/): Cap rates are facing significant downward pressure for many types of commercial real estate from apartments to self-storage facilities to hotels and industrial properties - [Rising Lumber Prices Add $92 Per Month To Apartment Rents](https://creconsult.net/rising-lumber-prices-add-92-per-month-to-apartment-rents/): Increases in softwood lumber prices have raised the average rent apartment tenants would pay on new construction between April 17, 2020, and July 8, 2021, by $92 per month and $9,990 to the market value of a new rental unit, according to a new report by the National Association of Home Builders. - [35% Of Renters Looking To Upsize This Year As WFH Takes Root](https://creconsult.net/35-of-renters-looking-to-upsize-this-year-as-wfh-takes-root/): An estimated three out of four US renters don’t have a dedicated home office space, leading a third of current apartment-seekers to seek out an extra bedroom for remote work. And that translates into about $330 more in rent per month - [U.S. housing market floats back to earth](https://creconsult.net/u-s-housing-market-floats-back-to-earth/): The U.S. housing market appears to be straining under the weight of its own pandemic-driven success. Recent data shows the sector is returning from the stratosphere and coming back to pre-COVID levels, as evidenced by a slew of data released this week. - [Chicago Multifamily Report – Summer 2021](https://creconsult.net/chicago-multifamily-report-summer-2021/): As Illinois nears the final steps in the state’s reopening plan, the road to economic recovery is slowly gaining ground. As is the case with other hard-hit gateway markets, Chicago’s rebound is gradually taking shape. - [Inflation Interest Rates Brings Money into CRE](https://creconsult.net/inflation-interest-rates-brings-money-into-cre/): There is tremendous commercial real estate market liquidity, and interest rates are low. - [3 Reasons Why The Real Estate Market Boom Is Not A Bubble](https://creconsult.net/3-reasons-why-the-real-estate-market-boom-is-not-a-bubble/): According to every available measure, median home sales prices in the U.S. are at a record high, and they show little signs of cooling off. - [Performances Surge in Luxury Apartments](https://creconsult.net/performances-surge-in-luxury-apartments-rp-analytics/): Leasing activity in the nation’s top-tier apartment properties has picked up notably during 2021, resulting in tighter occupancy and climbing rents. - [Marcus & Millichap Webcast Drills Down into CRE Implications of Biden Administration’s “Very Serious Proposal” for Tax Reform](https://creconsult.net/marcus-millichap-webcast-drills-down-into-cre-implications-of-biden-administrations-very-serious-proposal-for-tax-reform/): Behind President Joe Biden’s ambitious stimulus proposals are the question of how to pay for them. The proposals seek to answer that question through a series of tax increases that would effectively undo many of the lower rates enacted by Congress in 2017.  - [FHFA Extends Eviction Moratorium to September](https://creconsult.net/fhfa-extends-eviction-moratorium-to-september/): FHFA Extends Eviction Moratorium to September The moratorium had previously been set to expire at the end of June. - [77% of Apartment Renters Pay Through June 6](https://creconsult.net/77-of-apartment-renters-pay-through-june-6/): 77% of Apartment Renters Pay Through June 6 This is a 3.8 percentage point decrease from the share who paid rent through June 6, 2020. - [Mid-June Apartment Rent Payments Look Good](https://creconsult.net/mid-june-apartment-rent-payments-look-good/): Rent collections at U.S. professionally managed apartments are in solid shape as of mid-June. - [Expert: Sell Now to Avoid Proposed Tax Changes](https://creconsult.net/expert-sell-now-to-avoid-proposed-tax-changes/): Expert: Sell Now to Avoid Proposed Tax Changes “Get it in motion today,” says John Chang, senior vice president and national director of research services at Marcus & Millichap. - [FHFA Extends COVID-19 Relief Measure to Multifamily Borrowers, Renters](https://creconsult.net/fhfa-extends-covid-19-relief-measure-to-multifamily-borrowers-renters/): A three-month extension on paying back loans is the latest step the Federal Housing Finance Agency has taken to benefit property owners, renters, and the mortgage market during the pandemic.  - [Here’s What Those Construction Supply Challenges Mean For CRE Investors](https://creconsult.net/heres-what-those-construction-supply-challenges-mean-for-cre-investors/): Stalled development projects will eventually come online presenting opportunities for investors considering the sale of affected properties. - [Expectations of Strong Post-COVID Recovery Bolster Competition for Commercial Real Estate Assets](https://creconsult.net/expectations-of-strong-post-covid-recovery-bolster-competition-for-commercial-real-estate-assets/): Many investors remain in a holding pattern, awaiting additional clarity before they sell, restraining the flow of marketable inventory. This has exacerbated the expectation gap between buyers and sellers in many markets. - [Can Gateway Metros Burn Off Apartment Rent Concessions?](https://creconsult.net/can-gateway-metros-burn-off-apartment-rent-concessions-rp-analytics/): After apartments in U.S. gateway metros suffered big price cuts in much of 2020, effective asking rents are beginning to inch up again on a month-to-month basis. - [Private Buyers Are Still Driving Investment Sales](https://creconsult.net/private-buyers-are-still-driving-investment-sales/): Since the COVID crisis began, private investors helped drive the market, according to a recent report from Marcus & Millichap. - [Illinois Eviction Moratorium To End in August](https://creconsult.net/illinois-eviction-moratorium-to-end-in-august/): Illinois’ ban on residential evictions will end in August, more than a year after Gov. J.B. Pritzker imposed the emergency measure in response to the pandemic. - [Illinois renters can get up to $25,000 in assistance](https://creconsult.net/illinois-renters-can-get-up-to-25000-in-assistance/): Gov. JB Pritzker is announcing $1.5B in housing assistance for Illinois renters and landlords affected during the pandemic. Eligible residents can receive up to $25,000 of assistance. - [Surging Lumber Costs and Lack of Lots Slow Homebuilding Amid Shortage](https://creconsult.net/surging-lumber-costs-and-lack-of-lots-slow-homebuilding-amid-shortage/): The problem is that the US just doesn't have enough homes. The solution might be too expensive for homebuilders' liking. - [House Prices Are Soaring. Rents Are Flat. What Does It Mean for Inflation?](https://creconsult.net/house-prices-are-soaring-rents-are-flat-what-does-it-mean-for-inflation/): The surge in house prices could be a harbinger of accelerating inflation if it’s being driven by savvy investors betting that the cost of renting is poised to rise. - [May Rent Collections Hit 80%](https://creconsult.net/may-rent-collections-hit-80-nmhc/): The National Multifamily Housing Council’s latest report on rent collections showed 80 percent of U.S. rental households made rent payments as of May 6. - [Two Studies See Strong Rebound in CRE Expectations](https://creconsult.net/two-studies-see-strong-rebound-in-cre-expectations/): Both the CRE Finance Council and the second from the National Association of Realtors see signs of a strong commercial real estate rebound coming over the next 12 months. - [Slowdown in Apartment Construction Benefits Chicago's Recovery](https://creconsult.net/slowdown-in-apartment-construction-benefits-chicagos-recovery/): Chicago does not face the run-up in apartment deliveries that may slow the comebacks in some of the nation’s biggest cities. - [Chicago's multifamily market strengthens, rebounds from pandemic](https://creconsult.net/chicagos-multifamily-market-strengthens-rebounds-from-pandemic/): Multifamily rents rose nationally in April indicating ongoing recovery from the pandemic, according to the latest Yardi Matrix Multifamily National Report. - [Tax Reform: A CRE Game Changer?](https://creconsult.net/tax-reform-a-cre-game-changer/): Putting the New Tax Proposals in Perspective – Where They Are Now, Probable Outcomes and How to Prepare. Join us in looking beyond the headlines of the new tax and 1031 Exchange proposals. - [National Apartment Rents on Pace To Post This Century's Biggest Gains](https://creconsult.net/national-apartment-rents-on-pace-to-post-this-centurys-biggest-gains/): National apartment rents aren't just recovering — they’re growing at a pace that would equate to the strongest apartment rent gains this century if maintained throughout the year, according to a CoStar Group analysis. - [Is the Threat of Rising Inflation a Concern for Real Estate Investors?](https://creconsult.net/is-the-threat-of-rising-inflation-a-concern-for-real-estate-investors/): Early signs of rising inflation are beginning to show up in the marketplace - [Fully Occupied Updated 14 Unit Multifamily Offering 13024-13034 Honore Blue Island IL](https://creconsult.net/fully-occupied-updated-14-unit-multifamily-offering-13024-13034-honore-blue-island-il/): Marcus & Millichap is pleased to present to market a well-maintained, fully-occupied, and updated 14-unit multifamily offering in Blue Island, Illinois, a southern suburb of Chicago. The offering consists of an adjacent eight-unit and six-unit multifamily property with a total of eight one-bedroom one-bathroom units and six two-bedroom one-bathroom units. - [Client Webcast: Tax Reform A CRE Game Changer](https://creconsult.net/client-webcast-tax-reform-a-cre-game-changer/): Newly proposed tax reform that restricts 1031 Exchanges and increases capital gains taxes has the potential to significantly impact every commercial real estate investor. - [NRF: Economy could see fastest growth since 1980s; 2020 sales put at $4.02 trillion](https://creconsult.net/nrf-economy-could-see-fastest-growth-since-1980s-2020-sales-put-at-4-02-trillion/): The Fed assessment and other data show unemployment benefits, government stimulus checks and tax refunds have provided a substantial increase in personal income and purchasing power - [The Recovery Isn’t About Cities vs. Suburbs](https://creconsult.net/the-recovery-isnt-about-cities-vs-suburbs/): The defining features of both cities and suburbs won’t be fundamentally changed by the pandemic, and as the recovery takes hold longer-term, both will likely continue to attract certain demographics over others. - [Moody’s: Apartment Outlook Takes Positive Turn](https://creconsult.net/moodys-apartment-outlook-takes-positive-turn/): The outlook for the apartment sector has taken a positive turn, with effective rents expected to approach pre-pandemic levels in 2022 - [Apartment Rents Surge in April](https://creconsult.net/apartment-rents-surge-in-april/): U.S. apartment rent growth is back in a big way, now that the country’s reopening local economies are fueling household creation and stimulating robust demand for all types of housing. - [Yellen says interest rates may have to rise somewhat to keep economy from overheating](https://creconsult.net/yellen-says-interest-rates-may-have-to-rise-somewhat-to-keep-economy-from-overheating/): Treasury Secretary Janet Yellen said interest rates may have to increase somewhat in order to keep the U.S. economy from overheating. - [BROAD SPECTRUM OF CRE INVESTMENT OPPORTUNITIES](https://creconsult.net/broad-spectrum-of-cre-investment-opportunities/): The Dynamic Investment Landscape & Spectrum of Risk/Reward Options [Video] - [Why One Expert Says CRE Investment Options Have Never Been More Compelling](https://creconsult.net/why-one-expert-says-cre-investment-options-have-never-been-more-compelling/): As the US pulls out of the COVID-19 pandemic, the range of potential upside CRE investment opportunities have never been broader, according to John Chang, Senior Vice President of Research at Marcus & Millichap. - [152 Unit Multifamily Property For Sale Victorian Apartments Montgomery IL](https://creconsult.net/152-unit-multifamily-property-for-sale-victorian-apartments-montgomery-il/): Marcus & Millichap is proud to present to market Victorian Apartments, a 152-unit apartment community located in west suburban Montgomery Illinois approximately forty miles southwest of downtown Chicago. - [Multifamily Investors Find a Niche Play in Smaller, Low-Rise Projects](https://creconsult.net/multifamily-investors-find-a-niche-play-in-smaller-low-rise-projects/): Low-rise apartment developments with just a few buildings can help apartment investors break into the suburbs where sprawling, garden apartment properties don’t have space to fit in. These smaller deals also provide an opening for smaller investors to develop apartments with less competition from larger institutional investors who rarely focus on smaller deals. - [Are You Prepared For When The Eviction Moratorium Ends?](https://creconsult.net/are-you-prepared-for-when-the-eviction-moratorium-ends/): Currently, there is a huge backlog of cases at the courts, which means that your case might take some time before it is heard. Even if you take the person to court, there is no guarantee that they will be able to pay the money owed. If possible, explore every other option available before initiating eviction proceedings. - [Apartment Market Shows Signs of a Rebound](https://creconsult.net/apartment-market-shows-signs-of-a-rebound/): Most of the metros across the U.S. are witnessing improvement in apartment fundamentals. - [Young buyers squeezed as mortgage rates rise](https://creconsult.net/young-buyers-squeezed-as-mortgage-rates-rise/): Home loan interest rates have inched up about half of one percentage point since the beginning of 2021, and analysts say that rise is beginning to squeeze young buyers out of the market. - [Pandemic Impact on Multifamily Lease-Ups](https://creconsult.net/pandemic-impact-on-multifamily-lease-ups/): The pandemic had a demonstrable impact on new space leasing, affecting every segment of the market. The pain was not felt equally across property types, however, as low-rise designs attracted stronger resident demand than elevator-served buildings no matter the location. - [Investment Strategies The COVID Bounce](https://creconsult.net/investment-strategies-the-covid-bounce/): This webcast will focus on first-hand investor feedback about sales and pricing trends, the commercial real estate outlook, and how investors are adapting their underwriting and investment strategies. - [Gen Z Renters Are Ditching The City In Favor of 'Vibrant' Suburbs](https://creconsult.net/gen-z-renters-are-ditching-the-city-in-favor-of-vibrant-suburbs/): Compared to pre-pandemic millennials who embraced both migration and dense urban cores, more than half of Gen Zers surveyed said they’ll stay put after graduating from college, with 44% saying they prefer a vibrant suburb over city life. - [Resident Retention Moves Toward Normal](https://creconsult.net/resident-retention-moves-toward-normal/): 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. - [Across the Nation Apartment Landlords Begin To Inch Out of This Pandemic](https://creconsult.net/across-the-nation-apartment-landlords-begin-to-inch-out-of-this-pandemic/): 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. - [2003-2017 Broadway St Blue Island IL 60406](https://creconsult.net/2003-2017-broadway-st-blue-island-il-60406/): 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. - [Institutional Multifamily Outlook and Post-Pandemic Investment Strategy](https://creconsult.net/institutional-multifamily-outlook-and-post-pandemic-investment-strategy/): What will an economic resurgence mean for multifamily investments? - [Apartment Rent Index Posts Largest Monthly Increase Since 2017](https://creconsult.net/apartment-rent-index-posts-largest-monthly-increase-since-2017/): Apartment rents continue to rebound across the country, according to the latest data from Apartment List. - [CRE Borrowers Move Toward Alternative Lending Amid Inflation Rising Rates](https://creconsult.net/cre-borrowers-move-toward-alternative-lending-amid-inflation-rising-rates/): The go-to financing choices of CRE investors and developers are shifting as rising interest rates chase inflation amid clouds of uncertainty. - [Property Prices Could Rise With Cap Rates Poised to Fall Even Further](https://creconsult.net/property-prices-could-rise-with-cap-rates-poised-to-fall-even-further/): Think cap rates are crazy low? They could drop even more as investors battle to own CRE income streams, according to a new analysis from First American Financial Corporation. But the firm says cap rates may be reaching a cyclical bottom. - [Expect Another Big Summer for Multifamily](https://creconsult.net/expect-another-big-summer-for-multifamily/): Multifamily rents have increased significantly for new leases while concessions have tanked—and the sector is showing no signs of cooling off - [Cost Segregation 101 – Reduce Federal Income Tax and Enhance Cash Flow Through Smarter Depreciation](https://creconsult.net/cost-segregation-101-reduce-federal-income-tax-and-enhance-cash-flow-through-smarter-depreciation/): eXp Commercial Partner O’Connor Tax Reduction Experts will cover: Cost Segregation 101 – Reduce Federal Income Tax and Enhance Cash Flow Through Smarter Depreciation Use - [Lots of new apartment construction to meet the tidal wave of demand for rentals](https://creconsult.net/lots-of-new-apartment-construction-to-meet-the-tidal-wave-of-demand-for-rentals/): The U.S. apartment market is scheduled to complete more than 414,000 market-rate units in 2022, and another 442,000 units in 2023. We haven't seen completion levels that high since the 1970s and early 1980s. - [Chicago holds the top spot for Midwest rent growth](https://creconsult.net/chicago-holds-the-top-spot-for-midwest-rent-growth/): Among the Midwest’s largest markets, Chicago holds the top spot for rent growth. Institutional Property Advisors (IPA) stats for Q1 show typical pricing for move-in leases up 17.6 percent. - [ESG and Future of Real Estate panel discussion](https://creconsult.net/esg-and-future-of-real-estate-panel-discussion/): Join us for an “ESG and Future of Real Estate” panel discussion at our Commercial Real Estate Symposium where experts will explore these questions and many more to help you prepare for what’s to come. - [Multifamily Demand Sets New Highs in Q1](https://creconsult.net/multifamily-demand-sets-new-highs-in-q1/): In a world of growing uncertainty, there’s one thing that seems dependable, at least in commercial real estate: the need for housing keeps rising. - [15 Tax Deductions for Landlords During Tax Season](https://creconsult.net/15-tax-deductions-for-landlords-during-tax-season/): Below, you’ll find 15 deductions that could help you during tax season. While some of these tax breaks apply to all homeowners, many are unique to rental property. - [Affordability Spread Remains Large Despite Multifamily Rent Escalation](https://creconsult.net/affordability-spread-remains-large-despite-multifamily-rent-escalation/): The formidable apartment rent increase is facilitated by extremely tight vacancy, with tenants competing for record-low volumes of available units in markets across the country. - [Car Washes are Shining Up Balance Sheets in Sale-Leaseback Deals](https://creconsult.net/car-washes-are-shining-up-balance-sheets-in-sale-leaseback-deals/): One of the hottest retail properties attracting sale-leaseback buyers is a drive-through location where you can’t open your window. - [Suburban garden-style apartments are 2022’s comeback kid](https://creconsult.net/suburban-garden-style-apartments-are-2022s-comeback-kid/): Demand for garden-style suburban apartments has never been higher – whether building new or buying an older asset with long-term value - [Free NCREA Introduction to Commercial Real Estate Training Course](https://creconsult.net/free-ncrea-introduction-to-commercial-real-estate-training-course/): Are you interested in learning more about Commercial Real Estate? eXp University is in collaboration with NCREA, The National Commercial Real Estate Association to present the Introduction to Commercial Real Estate Training Course on March 28-30th. This 3-day virtual training course, valued at $600, is offered for FREE through eXp! - [While rents grow at an unprecedented pace so do payrolls](https://creconsult.net/while-rents-grow-at-an-unprecedented-pace-so-do-payrolls/): Apartment operators are fighting to retain and hire talent, and that's a win for community managers, leasing agents and maintenance technicians. Apartment payrolls have surged by 12.6% in 2021 -- lifting the average increase in the COVID-era to 8.9%. By comparison, payrolls grew by an average of 3.2% annually pre-COVID. - [A Blended Approach to Resident Prospecting](https://creconsult.net/a-blended-approach-to-resident-prospecting/): While geo-mapping and SEO optimization are apartment marketers’ shiny new toys, going back to the basics can serve managers well. - [Ancillary Revenue’s Winners and Losers](https://creconsult.net/ancillary-revenues-winners-and-losers/): Trion’s Sharkansky also is bullish on laundry. Trash collection, water usage, pest control, and sewage fees are also looking up. “Ratio utility billing [RUBS] is huge,” he says. “Although I don’t know if you can qualify that as ancillary income; it’s more of an expense reimbursement, but it’s on the income side of the P&L.” - [Growing Renter Confidence Fueling Hot Market to Start 2022](https://creconsult.net/growing-renter-confidence-fueling-hot-market-to-start-2022/): Entering the third year of rental market disruptions caused by the pandemic, Avail (part of Realtor.com®) surveyed independent landlords and renters across the country to find out how they’re faring. Our data revealed moving trends, insight into rent payments and evictions, and how landlords plan to financially recoup and adapt their renting policies for a post-pandemic era. - [How to Invest in Real Estate As Recession Risks Rise Red Flags to Watch](https://creconsult.net/how-to-invest-in-real-estate-as-recession-risks-rise-red-flags-to-watch/): Investing in real estate in times of market stress is always a balancing act. "The trade-off is always between the safety of the asset and the probability of default," Cecchini said. However, multifamily housing remains an area of the market he believes that can still perform favorably. - [eXp Partner Enriched Data Provides a One-Stop Solution for Property Data](https://creconsult.net/exp-partner-enriched-data-provides-a-one-stop-solution-for-property-data/): With unprecedented access to 152 million U.S. commercial and residential property records, agents can help their clients make informed decisions, and ultimately grow their businesses.  - [Medical Office - Surgical Center For Sale Roosevelt Rd Glen Ellyn](https://creconsult.net/medical-office-surgical-center-for-sale-roosevelt-rd-glen-ellyn/): Sold! Single Tenant Vacant Medical Office Building Glen Ellyn IL $1,050,000 - [New eXp Commercial Partner Helps Clients Increase Cash Flow and Reduce the Cost of Real Estate Ownership](https://creconsult.net/new-exp-commercial-partner-helps-clients-increase-cash-flow-and-reduce-the-cost-of-real-estate-ownership/): O’Connor is the largest property tax consulting firm in the United States. O’Connor’s team of professionals possesses the resources and unparalleled market expertise in the areas of property tax, cost segregation, and commercial and residential real estate appraisals. The firm was founded in 1974 and employs more than 550 professionals worldwide. - [Affordability Ceilings Not Hit in Market-Rate Rentals](https://creconsult.net/affordability-ceilings-not-hit-in-market-rate-rentals/): As renewal rents increase, so does retention. Basic economics teaches us that renewal demand will drop once price becomes an obstacle. But that isn't happening yet. - [Chicago Multifamily Investors Look Beyond City’s Strong Cash Flows](https://creconsult.net/chicago-multifamily-investors-look-beyond-citys-strong-cash-flows/): When it comes to cash flow, the Chicago multifamily is the king of the world. Or at least the country, with capitalization rates, a measure of rental income, well above the national average. - [Q1 State of CRE & Industry Outlook [Video]](https://creconsult.net/q1-state-of-cre-industry-outlook-video/): Experts from NYU Schack Institute of Real Estate, the Federal Reserve Bank of Atlanta, and CBRE will discussed recent macroeconomic and market data and the recovery outlook for multifamily, industrial, office, and retail properties as the 2022 kick-off.  - [eXp World Holdings Reports Record Full-Year 2021 Revenue of $3.8 Billion](https://creconsult.net/exp-world-holdings-reports-record-full-year-2021-revenue-of-3-8-billion/): eXp World Holdings Reports Record Full-Year 2021 Revenue of $3.8B Q4 & Full-Year 2021 Highlights: Revenue doubles over the prior year - increased 110% year-over-year to a record $3.8B 2021 Gross Profit increased 85% to $296M Company declared cash dividend for Q1 2022 of $0.04 per share of common stock. - [Q1 State of CRE & Industry Outlook](https://creconsult.net/q1-state-of-cre-industry-outlook/): Tune in on Wednesday, Feb 23 at 2 pm EST for a conversation about the current state of US commercial real estate markets and a look at key investment trends. - [How a DST Can Rescue You from a Failed 1031 Exchange](https://creconsult.net/how-a-dst-can-rescue-you-from-a-failed-1031-exchange/): If you find yourself facing a potentially failed 1031 exchange, you likely are in a state bordering on panic. But what if you could rescue yourself and avoid immediate payment of your capital gains taxes? You can. The mechanism is called a Deferred Sales Trust. - [The spotlight may be on Chicago’s single-family market but multifamily sector is also hot](https://creconsult.net/the-spotlight-may-be-on-chicagos-single-family-market-but-multifamily-sector-is-also-hot/): Chicago’s housing market is seeing record activity. The supply of suburban homes earlier in February fell below one month and realtors say sellers can expect $20,000 over asking price. The multifamily sector is setting records as well. - [Not just a national surge Chicago area multifamily market soaring too](https://creconsult.net/not-just-a-national-surge-chicago-area-multifamily-market-soaring-too/): The unique migration patterns in and out of the Chicago metropolitan area, have resulted in an incredibly diverse multifamily market landscape. - [State of Commercial Real Estate 2022](https://creconsult.net/state-of-commercial-real-estate-2022/):   On Tuesday, Feb. 15, eXp Commercial hosted a free virtual seminar in the eXp Commercial Campus metaverse featuring founder and president of Red Shoe Economics, KC Conway as the keynote speaker. The 60-minute “State of the Commercial Real Estate Industry” seminar is open to all eXp Commercial agents and other interested parties.  With moreRead more - [Goldman Sachs Says Rent Increases Should Slow Down This Year](https://creconsult.net/goldman-sachs-says-rent-increases-should-slow-down-this-year/): Renters have been on a rollercoaster ride throughout the pandemic. That choppiness is cooling down soon, according to Goldman Sachs. - [Drilling Down Into the Hot Apartment Submarkets](https://creconsult.net/drilling-down-into-the-hot-apartment-submarkets/): There are hot apartment markets such as Phoenix and Dallas projected to do well this year, but understanding the fundamentals in those areas’ key submarkets can prove even more valuable to investors and developers. - [Apartment Residents' Preferences Driven by Remote Work](https://creconsult.net/apartment-residents-preferences-driven-by-remote-work/): Teleworking factored significantly in renter preferences, according to a survey released last week by NMHC/Grace Hill—a trend that is expected to carry into 2022 and beyond. The desire for single-family rentals also made the list. - [Rates Jump to New 2-Year Highs After Fed Announcement](https://creconsult.net/rates-jump-to-new-2-year-highs-after-fed-announcement/): Fed policy is critically important to interest rates and January has marked a shift in the Fed policy outlook.  In not so many words, the Fed sees itself hiking rates and decreasing its bond purchased more quickly than previously expected. - [Chicago apartment market shows no signs of cooling off](https://creconsult.net/chicago-apartment-market-shows-no-signs-of-cooling-off/): The new report, released yesterday, shows that Chicago apartment rents had by the end of January increased by 15.6 percent when compared to the same month a year earlier. - [Multifamily Market Polarized by Renter Incomes](https://creconsult.net/multifamily-market-polarized-by-renter-incomes/): The pandemic’s second year witnessed a robust rebound in rental housing demand, which reduced vacancies and propelled rents higher. Lack of for-sale inventory kept many higher-income renters in their apartments, while the same lower-income folks who suffered the greatest COVID-related job losses were also most rent-burdened. - [CRE Multifamily Mortgage Delinquency Rates Fell In Q4](https://creconsult.net/cre-multifamily-mortgage-delinquency-rates-fell-in-q4/): Delinquency rates for mortgages backed by commercial and multifamily properties declined during the fourth quarter of 2021, according to the new Mortgage Bankers Association’s latest CREF Loan Performance Survey. - [Prediction 2022 will be a good year for multifamily housing](https://creconsult.net/prediction-2022-will-be-a-good-year-for-multifamily-housing/): In its U.S. Multifamily Outlook for Winter 2022, Yardi Matrix forecasts that the fundamentals of the multifamily housing business will remain strong in 2022 as the wider economy continues its recovery. - [Demand for Apartments in 2021 Smashes Previous Record High by 66%](https://creconsult.net/demand-for-apartments-in-2021-smashes-previous-record-high-by-66/): Strong demand drove up apartment occupancy 2.1 basis points year-over-year to 97.5%. Both the increase and the resulting rate were the highest on record since RealPage began tracking apartments in the early 1990s. - [Pandemic Rent Growth Highlights Migration Patterns](https://creconsult.net/pandemic-rent-growth-highlights-migration-patterns/): The changes in rent since the pandemic started reveal much about demand and where growth could be concentrated going forward. Sheltering in place and working from home has loosened the link between home and work and limited the cultural advantages of large cities. - [Chart: US Apartment Sector Momentum Across Markets](https://creconsult.net/chart-us-apartment-sector-momentum-across-markets/): The U.S. apartment sector has experienced a rebound in both deal volume and asset pricing, but the performance varies across markets. The strongest growth in asset pricing tends to be concentrated in the Non-Major Metros - [The First Round Of Rental Assistance Reallocation Is Here And It's Underwhelming](https://creconsult.net/the-first-round-of-rental-assistance-reallocation-is-here-and-its-underwhelming/): Cities and states have accelerated their distribution of Emergency Rental Assistance funds, leaving less extra money than expected in the pool for those who need it most. - [U.S. Inflation Shows More Staying Power After Hitting 7% in 2021](https://creconsult.net/u-s-inflation-shows-more-staying-power-after-hitting-7-in-2021/): Though many economists anticipate inflation to moderate to around 3% over the course of 2022, consumers are likely months away from a meaningful respite, especially as the omicron variant of the coronavirus worsens labor shortages and prevents goods from reaching store shelves. - [Webcast 2022 Economic Overview and Real Estate Outlook](https://creconsult.net/webcast-2022-economic-overview-and-real-estate-outlook/): Join us for a lively discussion with the Honorable Henry M. Paulson, Jr. The CEOs of Marcus & Millichap, TruAmerica Multifamily and ICSC are honored to host the former CEO of Goldman Sachs and 74th Secretary of the United States Treasury. The conversation will span the economic outlook, inflation, Federal Reserve Policy, and factors impacting commercial real estate. - [Downtown Chicago occupancy rates up](https://creconsult.net/downtown-chicago-occupancy-rates-up/): A new report from the Chicago Loop Alliance, a neighborhood business advocacy group, shows the city’s downtown closed December at or near pandemic-era highs in key occupancy metrics, though they still lag behind 2019 levels. - [For Apartment Developers It's All About Labor Labor Labor](https://creconsult.net/for-apartment-developers-its-all-about-labor-labor-labor/): Labor availability continues to challenge apartment operators’ ability to build new development or perform value-add projects. Whereas the saying goes: Real estate is all about location, location, location; today, it’s more about labor, labor, labor. - [First Ever 4Q Occupancy Increase in 2021](https://creconsult.net/first-ever-4q-occupancy-increase-in-2021/): In the 4th quarter of 2021, the U.S. apartment market saw occupancy tighten for the first time ever during the seasonally slow leasing period. - [Higher Inflation Means More Competition for CRE Assets](https://creconsult.net/higher-inflation-means-more-competition-for-cre-assets/): Commercial real estate is viewed as one of the best places to invest money during periods of high inflation, especially properties that can increase rents with the market, like apartments, hotels, and self-storage properties - [284-Unit Luxury Apartment Complex Opens In Plainfield](https://creconsult.net/284-unit-luxury-apartment-complex-opens-in-plainfield/): A new luxury rental community is officially open in Plainfield. Located on Wallin Drive, near Route 30 and IL-126, the complex houses 284 units and a clubhouse with a resort-style pool. - [2022 U.S. Multifamily Investment Forecast](https://creconsult.net/2022-u-s-multifamily-investment-forecast/): To help investors adapt to and capitalize on the unprecedented climate, the 2022 Multifamily Investment Forecast offers deep insight on the performance, investment, and financing landscape for the coming year. - [This Year's Multifamily Pipeline to Set Record](https://creconsult.net/this-years-multifamily-pipeline-to-set-record/): Marcus & Millichap is expecting the US to add roughly 400,000 new rentals in 2022, a record for the last few decades. Rental demand is anticipated to increase this year with rising interest rates and elevated single-family home prices. - [Chicago Firms Form Venture To Invest $1.5 Billion in Single-Family Rental Homes](https://creconsult.net/chicago-firms-form-venture-to-invest-1-5-billion-in-single-family-rental-homes/): Chicago firms Harrison Street and Core Spaces plan to invest $1.5 billion in developing and buying rental homes throughout the country. - [No End in Sight Yet for Higher Home Prices](https://creconsult.net/no-end-in-sight-yet-for-higher-home-prices/): After a blistering year, the housing market shows no sign of retreat entering 2022. - [Demand for Apartments Fuels Strong Start to the Year for Freddie Mac](https://creconsult.net/demand-for-apartments-fuels-strong-start-to-the-year-for-freddie-mac/): Government-sponsored housing finance giant Freddie Mac is returning to the commercial mortgage-backed securities market as strong fundamentals push apartment deals to record-breaking levels. - [Property Investors Spent More Than $1 in Every $3 on Apartments in Fourth Quarter](https://creconsult.net/property-investors-spent-more-than-1-in-every-3-on-apartments-in-fourth-quarter/): Multifamily property sales surged in the second half of 2021 and accounted for more than $1 out of every $3 spent in the fourth quarter, according to preliminary CoStar data. - [Pair of Chicago’s Western Suburb and South Side’s Apartments Sell for $30M](https://creconsult.net/pair-of-chicagos-western-suburb-and-south-sides-apartments-sell-for-30m/): A pair of multifamily sales totaling $30 million on Chic ago’s South Side and its western suburb of Clarendon Hills reflect investors’ growing appetite for apartments, a stark contrast to the city’s pandemic-battered office market. - [Expect still more uncertainty in commercial real estate this year](https://creconsult.net/expect-still-more-uncertainty-in-commercial-real-estate-this-year/): While it’s true that real estate is generally one of the most reliable markets for investment, it’s also a fact that the industry runs on cycles. The COVID-19 pandemic accelerated and even upended many of those cycles. Even now, nearly two years after it took hold in the United States, the pandemic continues to have a see-saw effect on markets. - [Sticker Shock Coming for Renters Receiving Concessions](https://creconsult.net/sticker-shock-coming-for-renters-receiving-concessions/): Fannie Mae forecasted that concessions will decline throughout 2022, returning to more normalized levels by the end of the year. - [Inflation: Why prices will keep soaring in 2022](https://creconsult.net/inflation-why-prices-will-keep-soaring-in-2022/): The most recent price data we have is from November when two of the most-watched inflation measures — the consumer price index and the personal consumption expenditure index — each climbed to a 39-year high. - [Why Aren't There Any Vacant Apartments?](https://creconsult.net/why-arent-there-any-vacant-apartments/): Apartment occupancy in the U.S. has hit an all-time high, meaning anyone looking for a new place is going to have a rough time of it. - [Multifamily Forum Southeast](https://creconsult.net/multifamily-forum-southeast/): The Marcus & Millichap / IPA Multifamily Forum Southeast brings together the most active multifamily developers, investors, owners and operators in the region to create a marketplace for learning, discovery, networking and deal-making. - [Illinois RE Journal Forecast Chicago 20th Anniversary Conference](https://creconsult.net/illinois-re-journal-forecast-chicago-20th-anniversary-conference/): Marcus & Millichap is proud to be a Gold Sponsor of the Forecast Chicago 20th Anniversary Conference presented by Illinois Real Estate Journal in Rosemont, IL on January 6, 2022. - [Chicago Business Activity Accelerated in December MNI Survey Shows](https://creconsult.net/chicago-business-activity-accelerated-in-december-mni-survey-shows/): Growth of business activity in the Chicago area picked up pace in December on continued strong underlying demand for goods, according to data released Thursday by MNI Indicators. - [From real estate to inflation here's what to expect from the economy in 2022](https://creconsult.net/from-real-estate-to-inflation-heres-what-to-expect-from-the-economy-in-2022/): Sharply escalating prices and the uncertain severity of the omicron variant of the coronavirus cast twin shadows over forecasters’ expectations, but some still found reason for optimism in the face of such unknowns. - [Fed Projects Multiple Interest Rate Hikes In 2022 To Combat Inflation — But 'Big Unknown' Still Lingers](https://creconsult.net/fed-projects-multiple-interest-rate-hikes-in-2022-to-combat-inflation-but-big-unknown-still-lingers/): High inflation is now the beast that the Federal Reserve is out to slay. - [3 Takeaways From ULI’s Housing Report](https://creconsult.net/3-takeaways-from-ulis-housing-report/): A just-released study from the Urban Land Institute reveals what stakeholders from all areas of the nation’s rental housing market see as the most urgent issues in today’s environment—and critically—what needs to be done to ensure more stability for both renters and property owners. - [Why Investors Shouldn't Fear CRE's High Prices](https://creconsult.net/why-investors-shouldnt-fear-cres-high-prices/): Just because the price of a piece of property has risen dramatically does not mean its value cannot and will not continue to rise - [Inflation Fears and Commercial Real Estate](https://creconsult.net/inflation-fears-and-commercial-real-estate/): While the U.S. economy has produced its highest growth in decades, much of the economy-related attention is focused on inflation, which not coincidentally is also running at its hottest level since the 1980s. Are the worries justified, especially for real estate? - [Just Closed Victorian Apartments 152 Unit Multifamily Property Montgomery IL](https://creconsult.net/just-closed-victorian-apartments-152-unit-multifamily-property-montgomery-il/): Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Victorian Apartments, a 152-unit multifamily property located in Montgomery, IL. - [Rising Lumber Prices Are Back With a Vengeance](https://creconsult.net/rising-lumber-prices-are-back-with-a-vengeance/): 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. - [December Rent Payments at 77%](https://creconsult.net/december-rent-payments-at-77-nmhc/): In 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. - [The U.S. Apartment Market Continues to Tighten](https://creconsult.net/the-u-s-apartment-market-continues-to-tighten/): 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. - [CRE Is Outperforming Amid Rising Inflation](https://creconsult.net/cre-is-outperforming-amid-rising-inflation/): 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 Was Commercial Real Estate Sales Activity in 2021?](https://creconsult.net/how-was-commercial-real-estate-sales-activity-in-2021/): 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? - [Just Sold Amber Ridge Apartments & Indian Creek Apartments Aurora IL](https://creconsult.net/just-sold-amber-ridge-apartments-indian-creek-apartments-aurora-il/): 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. - [Congress wants to kill the 'backdoor Roth IRA.' Here's what it means for you](https://creconsult.net/congress-wants-to-kill-the-backdoor-roth-ira-heres-what-it-means-for-you/): Tax-free savings in retirement are great to have at your disposal. But provisions in the Build Back Better bill would limit some of the ways to accrue them in the future -- at least for high-income savers. Consider buying hard assets - Real Estate - [Here Are the Apartment Markets Attracting New Renters](https://creconsult.net/here-are-the-apartment-markets-attracting-new-renters/): Remote work continues to dominate renter migration patterns, according to data released this week by Apartment List - [US Property Price Growth Breaks Records as Demand Swells](https://creconsult.net/us-property-price-growth-breaks-records-as-demand-swells/):   The headline rate of U.S. property price growth climbed to the fastest annual rate in the history of the RCA CPPI in October amid intense investor demand for commercial real estate. The RCA CPPI National All-Property Index rose 15.9% from a year ago and 1.7% from September, the latest RCA CPPI: US report shows.Read more - [Is a Bubble Forming in Commercial Real Estate?](https://creconsult.net/is-a-bubble-forming-in-commercial-real-estate/): The big question on many investors’ minds – “Is a bubble forming in CRE?” - [More Tenants Working From Home Means New Expectations Of Landlords And Amenities](https://creconsult.net/more-tenants-working-from-home-means-new-expectations-of-landlords-and-amenities/): Nearly 19 months after the onset of pandemic lockdowns, adjustments that might once have been predicted to be temporary — working from home, dealing with high package volumes — are still very much influencing the multifamily market and how owners approach attracting and retaining tenants. - [Multifamily Market Conditions Showcase Strong Improvement](https://creconsult.net/multifamily-market-conditions-showcase-strong-improvement/): The National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for October 2021 show strong and ongoing improvement continues across the multifamily industry. - [Increasing Costs and Delays Hamper Multifamily Development](https://creconsult.net/increasing-costs-and-delays-hamper-multifamily-development/): As evidence that builders are facing the combined headwinds of rising material and labor costs as well as supply chain delays, the pace of multifamily development is down. - [ULI Says US CRE Should Return To Pre-COVID Levels by 2023](https://creconsult.net/uli-says-us-cre-should-return-to-pre-covid-levels-by-2023/): The real estate sector is in a strong position to build its way out of the pandemic and take the economy with it - [Multifamily Giants Outperforming 2021 Expectations Sitting Pretty Heading Into 2022](https://creconsult.net/multifamily-giants-outperforming-2021-expectations-sitting-pretty-heading-into-2022/): Six of the largest multifamily REITs to have released their earnings reports for the third quarter all reported outperforming their year-to-date performance guidance, including Mid-America Apartment Communities, AvalonBay Communities, Equity Residential, Essex Property Trust, UDR and Camden Property Trust. - [How Millennials Are Reshaping the SFR Market](https://creconsult.net/how-millennials-are-reshaping-the-sfr-market/): The population surge of millennials, coupled with the housing supply shortage endemic across the US, will drive demand for single-family rentals in infill neighborhoods in high-growth markets, a SFR exec told investors recently. - [More Tenants Plan To Increase Space Next Year Than Shrink It](https://creconsult.net/more-tenants-plan-to-increase-space-next-year-than-shrink-it/): More than double the share of commercial real estate tenants are planning to increase rather than decrease their space next year, - [Chicago Rents Rising After Pandemic Slump](https://creconsult.net/chicago-rents-rising-after-pandemic-slump/): Chicago landlords may be back in the driver’s seat after being forced to offer concessions to lure tenants during the pandemic. - [Is It Time to Worry About Multifamily’s Slowing Rent Growth?](https://creconsult.net/is-it-time-to-worry-about-multifamilys-slowing-rent-growth/): The pace of apartment rent growth is slowing, While it seems to be a seasonal issue, the news comes at a bad time for multifamily investors and property owners as rising inflation creates a greater need for investment hedging. - [Apartment Rent Concession Utilization at All-Time Low](https://creconsult.net/apartment-rent-concession-utilization-at-all-time-low/): More apartment operators are ditching rent concessions offers as vacancies across the country have dropped to historic lows. - [A Huge Demand for Housing Leads to a Spike in Multifamily Conversions](https://creconsult.net/a-huge-demand-for-housing-leads-to-a-spike-in-multifamily-conversions/): Apartment developers will create more new apartments in 2021 in old office, retail, and hotel buildings than at any time in the last decade. - [Condo Deconversions Will Continue in Chicagoland Area](https://creconsult.net/condo-deconversions-will-continue-in-chicagoland-area/): As Chicagoland’s multifamily sector remains strong, the deconversion market will remain a viable investment opportunity. - [The Simple Reason CRE Is Outperforming Against All Odds](https://creconsult.net/the-simple-reason-cre-is-outperforming-against-all-odds/): As the US continues to recover from the COVID-19 pandemic, CRE is outperforming, seemingly against all odds. After all, the US economy has yet to fully recover from the global health crisis. - [High-Income Renters Have Housing Options](https://creconsult.net/high-income-renters-have-housing-options/): Unprecedented demand for luxury apartments has been a key component in 2021’s record occupancy and rent growth performance in the multifamily rental sector. - [Why Institutional Investors Are Bullish on Multifamily](https://creconsult.net/why-institutional-investors-are-bullish-on-multifamily/): Following the pandemic, apartment investors are enjoying substantial rent growth, record low vacancy rates, and an attractive supply-demand imbalance. - [Slow Rental Aid Distribution Frustrates Multifamily Owners](https://creconsult.net/slow-rental-aid-distribution-frustrates-multifamily-owners/): Only $10.7 billion—less than a quarter of the more than $46.5 billion in federal rent aid first authorized by Congress nearly a year ago—has been disbursed to residents and landlords impacted by the pandemic as of late September, leaving frustrated housing providers across the country calling for policymakers to make changes to the Emergency Rental Assistance Program to expedite the flow of much-needed funds. - [Biden's Spending Bill Could Include New 'Billionaire's Tax' On Real Estate](https://creconsult.net/bidens-spending-bill-could-include-new-billionaires-tax-on-real-estate/): Currently, the U.S. taxes capital gains only once they have been realized, as with the sale of stocks or other assets that have gained value under an individual or corporation's ownership. - [Return-To-Office Rebounding After Delta Variant Slowdown](https://creconsult.net/return-to-office-rebounding-after-delta-variant-slowdown/): Despite some twists and turns due to the Delta variant, the most recent news suggests the return-to-office (RTO) is rebounding. - [Single-family rents are surging and investors are flooding the market](https://creconsult.net/single-family-rents-are-surging-and-investors-are-flooding-the-market/): Demand for single-family rental homes is showing no sign of easing up, and that is pushing rents through the roof, especially for the highest-priced properties. - [Institutional Investors Shift to Long-Term Hold Apartment Strategy](https://creconsult.net/institutional-investors-shift-to-long-term-hold-apartment-strategy/): This year, inflation has become a top concern for investors. Institutional capital and major funds are planning ahead by shifting from a value-add or short-term hold investment strategy to a long-term hold business model. - [Top 3 Challenges for the Rental Industry](https://creconsult.net/top-3-challenges-for-the-rental-industry/): Regardless of the type or location of owned or managed property, every apartment industry company is confronting the same primary headwinds. - [Why These CRE Sectors Provide Safer Harbors](https://creconsult.net/why-these-cre-sectors-provide-safer-harbors/) - [Confused about the housing market? Here's what's happening](https://creconsult.net/confused-about-the-housing-market-heres-whats-happening/) - [Fed’s Beige Book Is a Mix of News for CRE](https://creconsult.net/feds-beige-book-is-a-mix-of-news-for-cre/) - [Sunny with a chance of headwinds: CRE forecast, according to its leaders](https://creconsult.net/sunny-with-a-chance-of-headwinds-cre-forecast-according-to-its-leaders/): Another thing that is seeing a fair amount of change is the overall sentiment for CRE in Chicago. Last year’s DePaul Real Estate Center Mid-Year Report found that 60% of industry participants were generally optimistic about the industry as they looked ahead. But in 2022? The DePaul-ULI Chicago Report found that 65% are trending toward concern when looking at 2H2022. - [Housing Market Outlook: Builders Could Stop Construction Due to Expense Falling Demand](https://creconsult.net/housing-market-outlook-builders-could-stop-construction-due-to-expense-falling-demand/): Americans have a volatile economy to blame for surging housing prices. Inflation and interest rate hikes have increased the costs of everything from construction to mortgage lending. It has made it harder for builders to construct more low-cost homes and as a result, buyers' ability to afford home purchases. This has led to increased rental demand and ultimately higher rents across the nation - [Don't expect home prices to come crashing down soon](https://creconsult.net/dont-expect-home-prices-to-come-crashing-down-soon/): Pandemic-era shortages have limited the pace of new home building. In the past, downturns in housing have been accompanied by economy-wide recessions, leading to a flood of existing home inventory. Recession leads to unemployment, and cash-strapped homeowners are forced to sell. - [Multifamily Likely to Level Off in H2 As Inflation Heats Up](https://creconsult.net/multifamily-likely-to-level-off-in-h2-as-inflation-heats-up/): The overall health of this sector is very strong, with higher occupancy rates and lower rent volatility than other real asset classes - [Rents still going up in Naperville but rate increase amount slowing](https://creconsult.net/rents-still-going-up-in-naperville-but-rate-increase-amount-slowing/): Rents in Naperville continue to increase, though at a slower rate compared to neighboring communities, according to the most recent data from a rental tracker. But the city still has some of the highest rents in the area. - [Saving vs. Investing: Creating a Healthy Mix](https://creconsult.net/saving-vs-investing-creating-a-healthy-mix-morgan-stanley/): Saving and investing are two very different financial strategies. Once you understand the difference between saving and investing, you may do a better job of managing your money. - [Five Predictions That Could Revolutionize The Multifamily Housing Industry](https://creconsult.net/five-predictions-that-could-revolutionize-the-multifamily-housing-industry/): Here are five predictions that I believe will gain momentum and revolutionize the work and leisure lifestyles for residents as well as optimize investments for owners and operators. - [MULTIPLE REAL ESTATE SECTORS POISED TO BENEFIT FROM JULY INFLATION SLOWDOWN](https://creconsult.net/multiple-real-estate-sectors-poised-to-benefit-from-july-inflation-slowdown/): Inflation trend may be turning the corner. The headline Consumer Price Index in July was up 8.5 percent compared to a year prior, a deceleration from the 9.1 percent year-over-year jump recorded in June. - [Apartments.com Publishes July 2022 Rent Growth Report](https://creconsult.net/apartments-com-publishes-july-2022-rent-growth-report/): Today, Apartments.com – a CoStar Group company – released an in-depth report of multifamily rent growth trends for July 2022 backed by analyst observations. - [Guide To Commercial Multifamily Real Estate Loans](https://creconsult.net/guide-to-commercial-multifamily-real-estate-loans/): Multifamily commercial real estate loans give investors capital that can be used for acquiring, repairing, or improving multifamily residential properties. Loans are available for virtually all types of multifamily housing, and many loan programs have specific features that make them well-suited for certain types of housing. - [Rent Growth Diverging Across Office and Multifamily](https://creconsult.net/rent-growth-diverging-across-office-and-multifamily/): Rent growth across the office and multifamily sectors are no longer in lockstep, disrupting a lengthy period in which the sectors typically followed the same trend, according to a new analysis from Moody’s Analytics. - [Sacrificing space: Why are U.S. renters downsizing?](https://creconsult.net/sacrificing-space-why-are-u-s-renters-downsizing/): In today’s housing market, future homeowners must compromise to save for a down payment. One way to put aside money for a first home? Give up a little space. - [What the Recent Inflation Numbers Might Mean for Multifamily](https://creconsult.net/what-the-recent-inflation-numbers-might-mean-for-multifamily/): Inflation numbers for July were a pleasant change from the recent pace, with prices flat from June. But as the National Apartment Association noted in its NAA Inflation Tracker: August 2022, things are more complex and the chances of the Fed stopping the upward march of interest rates is unlikely to happen immediately. - [July’s Multifamily Rent Increase Was Best in a Decade – Except for Last Year](https://creconsult.net/julys-multifamily-rent-increase-was-best-in-a-decade-except-for-last-year/): Effective asking rents increased by 0.8% from June to July, which represents about one-third of how they performed a year earlier. That moderation was as expected, RealPage said. - [The changing face of multifamily development in Chicagoland](https://creconsult.net/the-changing-face-of-multifamily-development-in-chicagoland/): Developers in Chicagoland are responding to continued strong demand for multifamily housing and changing consumer expectations. - [Chicago Multifamily Market Report](https://creconsult.net/chicago-multifamily-market-report/): Preliminary data shows a 440-basis-point annual drop in vacancy within Chicago proper at the end of March. Competition for units here is likely to result in sharp rent climbs this year, especially in locales like Lincoln Park, Ukrainian Village, and Andersonville. - [LIVING COST SENSITIVITY AND SLOWER HOUSEHOLD CREATION MODIFY DEMAND FLOWS](https://creconsult.net/living-cost-sensitivity-and-slower-household-creation-modify-demand-flows/):   The sequence of rate hikes decay housing affordability. In late July, the Federal Reserve again lifted the overnight rate by 75 basis points to a target range of 2.25 to 2.50 percent. This will likely apply additional upward pressure to mortgage rates, with the 30-year fixed rate already climbing more than 200 basis pointsRead more - [An Inflection Point for Multifamily Lending - Freddie Mac](https://creconsult.net/an-inflection-point-for-multifamily-lending-freddie-mac/): Inflation risk and recession fears have many debt providers tightening or closing up. At the same time, we have a negative leverage issue with note rates catching up to, and in some cases surpassing, cap rates which have been trending down for some time. Fewer deals seem to pencil in as interest rates surpass investment returns. As a result, the market is in a period of transition. - [eXp Commercial Expands Research and Analytics Capabilities With Addition of Economist KC Conway](https://creconsult.net/exp-commercial-expands-research-and-analytics-capabilities-with-addition-of-economist-kc-conway/): eXp Commercial, the commercial real estate division of eXp World Holdings (Nasdaq: EXPI), today announced that KC Conway, founder, and president of Red Shoe Economics, will serve as an economic advisor, adding to the company’s research, data and analytics capabilities. - [Commercial Real Estate Symposium Sep 19th & 20th 2022](https://creconsult.net/commercial-real-estate-symposium-sep-19th-20th-2022/): eXp Commercial is hosting the Commercial Real Estate Symposium on September 19-20 2022! Register now to reserve your seat. Hear from the industry’s top leaders, national economists, and thriving entrepreneurs on the future of the commercial real estate. Dates: September 19-20, 2022 - [Apartment rents are shooting up in hundreds of cities across the U.S. Here's why](https://creconsult.net/apartment-rents-are-shooting-up-in-hundreds-of-cities-across-the-u-s-heres-why/): Apartment rents across the U.S. are surging in almost 400 cities, with the average price for a 1-bedroom having shot up more than 25% since June 2021, according to Rent.com. The typical cost for a two-bedroom unit is up 26.5% over that period. - [Free Introduction to Commercial Real Estate from NCREA Training Provided by eXp Commercial](https://creconsult.net/free-introduction-to-commercial-real-estate-from-ncrea-training-provided-by-exp-commercial/): This 3-day training event is geared towards those at the beginning of their career in commercial real estate. Agents who attend all 3 days of training and pass the test will receive the NCREA designation. The course, valued at $600, is free for all agents through this event brought to you by eXp University. - [eXp Commercial Partnership With Reonomy Will Enhance Property Intelligence Resources for Agents and Brokers](https://creconsult.net/exp-commercial-partnership-with-reonomy-will-enhance-property-intelligence-resources-for-agents-and-brokers/): eXp World Holdings, Inc. (Nasdaq: EXPI), one of the world’s fastest-growing residential and commercial real estate companies, today announced a partnership between eXp Commercial and Reonomy that will enhance property intelligence and technology stack offerings for eXp Commercial agents. - [eXp World Holdings Reports Record Second Quarter 2022 Revenue of $1.4 Billion](https://creconsult.net/exp-world-holdings-reports-record-second-quarter-2022-revenue-of-1-4-billion/): Xp World Holdings, Inc. (Nasdaq: EXPI), (or the “Company”), the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises, today announced financial results for the second quarter ended June 30, 2022. - [NAA Supports FY2023 Appropriations that Expand Multifamily](https://creconsult.net/naa-supports-fy2023-appropriations-that-expand-multifamily/): Fiscal Year 2023 (FY23) appropriations are in full swing. The House has already quickly passed its proposals out of the subcommittee and full committee including the spending bill which includes funding for the U.S. Department of Housing and Urban Development (HUD). - [What a Recession Could Mean for Multifamily](https://creconsult.net/what-a-recession-could-mean-for-multifamily/): Slowing construction will likely keep multifamily supply and demand in balance for some time despite fears of a recession, according to some analysts. - [Equity Residential CEO Says Rents Will Keep Climbing Outrun Inflation](https://creconsult.net/equity-residential-ceo-says-rents-will-keep-climbing-outrun-inflation/): As American renters continue to reel from rising housing costs, Wall Street investors are betting that housing will get even pricier relative to the costs of other goods and services. - [U.S. Needs 4.3M More Apartments by 2035 to Address Demand Deficit and Affordability](https://creconsult.net/u-s-needs-4-3m-more-apartments-by-2035-to-address-demand-deficit-and-affordability/): Amidst demographic shifts and lingering pandemic-impacts on the population and broader economy, the U.S. faces a pressing need to build 4.3 million new apartments by 2035, according to a new study commissioned by the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC). - [Rents just hit a new high but renting is still cheaper than owning in these cities](https://creconsult.net/rents-just-hit-a-new-high-but-renting-is-still-cheaper-than-owning-in-these-cities/): Rents are hitting new highs, but renting is still mostly more affordable than owning a home in most big cities, according to a new report. - [Just Sold! 21-Unit Multifamily Property Dixon IL](https://creconsult.net/just-sold-21-unit-multifamily-property-dixon-il/): Brokered by Randolph Taylor CCIM, Multifamily Investment Sales Broker with the Chicago-Naperville eXp Commercial office. Randolph can be contacted at: rtaylor@creconsult.net  (630) 474-6441 - [Housing supply has continued to shrink](https://creconsult.net/housing-supply-has-continued-to-shrink/): Growth in the housing market has slowed, but prices have not fallen. This is due in large part to a limited supply of single-family homes. - [Mortgage applications falling creating more demand for rental properties](https://creconsult.net/mortgage-applications-falling-creating-more-demand-for-rental-properties/): With rates lately rising, the real estate market is slowing, most notably for residential properties. - [Home price appreciation will normalize](https://creconsult.net/home-price-appreciation-will-normalize/): In 2021, home prices skyrocketed by nearly 19%, according to the S&P CoreLogic Case-Shiller home price index. And pros say we’re in for another year of price growth — but as for how much, pros diverge. - [From desperate times come desperate renters Especially in Suburban Chicago](https://creconsult.net/from-desperate-times-come-desperate-renters-especially-in-suburban-chicago/): One-third of renters decided to move into a new apartment during the year, while 68% of people renting in Suburban Chicago chose to stay put and renew their leases, further contributing to the limited housing options for prospective tenants. - [How the Current Real Estate Market is Affecting 1031](https://creconsult.net/how-the-current-real-estate-market-is-affecting-1031/): How investors are adjusting to this unique time in the real estate market, how successful exchanges are being completed in today’s climate, and what those hoping to perform a like-kind exchange should know in order to be prepared. - [9 Things to Watch in the Commercial Real Estate Market](https://creconsult.net/9-things-to-watch-in-the-commercial-real-estate-market/): In eXp Commercial’s Real Estate Symposium held earlier in 2022, respected economist and eXp Commercial advisor KC Conway gave an insightful speech on a slew of conditions that are impacting commercial and industrial real estate today and in the future. - [Multifamily Developers Prefer Suburbs Over Chicago City Center](https://creconsult.net/multifamily-developers-prefer-suburbs-over-chicago-city-center/): About 13,600 units were absorbed in 2021, even though just 4,250 rentals were completed, the Chicago Business Journal reported, citing Marcus & Millichap’s latest Chicago Multifamily Market Report. - [What’s Up With the Crazy Housing Market?](https://creconsult.net/whats-up-with-the-crazy-housing-market/): After a two-year boom, the United States housing market finds itself at a pivotal moment — but pivoting to what, exactly? - [Consistent Rent Growth Continues in June | National Apartment Association](https://creconsult.net/consistent-rent-growth-continues-in-june-national-apartment-association/): Rents continue their steady rise across the nation. According to the July 2022 Apartment List National Rent Report, the national index increased 1.3% during June. This consistent month-over-month (MoM) growth puts rent growth ahead by 14.1% year-over-year (YoY). - [Multifamily Rent Growth Continues to Outpace Inflation](https://creconsult.net/multifamily-rent-growth-continues-to-outpace-inflation/): Real estate has long enjoyed the reputation as an inflation hedge. According to data and analysis from JLL, even with the spikes in CPI the US has been experiencing, that statement remains true, at least for multifamily. And as pressure builds on the ability to increase rents and allow continued profitable expansion, there’s evidence that the inflation rate has begun to slow. - [Loan To Value (LTV) Ratio Overview & Formula](https://creconsult.net/loan-to-value-ltv-ratio-overview-formula/): Loan to value ratio is a standard metric that lenders use to assess default risk and qualify commercial real estate loans. While it’s far from the only data point lenders consider, it’s one of the most basic and often checked early on during the loan application process. - [What is Debt Yield and How Does it Apply in Commercial Real Estate](https://creconsult.net/what-is-debt-yield-and-how-does-it-apply-in-commercial-real-estate/): Debt yield hasn’t traditionally been a primary commercial real estate loan underwriting metric, but more lenders are incorporating it into their criteria. In the current real estate market, measuring debt yield ratios provides lenders with a stable assessment regardless of unusual or changing conditions. - [eXp Commercial National Meeting](https://creconsult.net/exp-commercial-national-meeting/): Join us in our virtual eXp Commercial Campus on the third Tuesday of every month for the eXp Commercial National Meeting, where we'll share exciting announcements about what's coming up and how you can get involved at eXp Commercial! - [Investor demand for multifamily? It’s been insatiable](https://creconsult.net/investor-demand-for-multifamily-its-been-insatiable/): According to Yardi Matrix, investors have been most interested in smaller apartment properties that target working-class residents, mostly because these properties have the potential for higher rent growth. When investors purchase these properties, they tend to have lower rents even though they sit in markets with above-trend rent growth. - [Renters are staying in their apartments longer paying more](https://creconsult.net/renters-are-staying-in-their-apartments-longer-paying-more/): The disparity in the price increases between renewals and new leases isn’t an accident. Many apartment operators try to thread the needle between introducing higher rates to existing residents while trying to keep them in their apartments. - [Bidding wars have overheated the market for homebuyers now they’re coming for renters](https://creconsult.net/bidding-wars-have-overheated-the-market-for-homebuyers-now-theyre-coming-for-renters/): Bidding wars have long been a staple of boiling real estate markets, where buyers compete with offers above the seller’s listing price. Today, these contests are becoming more common in the rental market. - [Commercial Lending Trends – June 2022](https://creconsult.net/commercial-lending-trends-june-2022/): Millions of Americans, especially younger generations, are unable or unwilling to purchase their own homes. Reasons may include a lack of downpayment or poor credit, while other potential buyers are waiting for the market to soften and interest rates to go down. - [A Millennial’s Guide to Building Wealth With a 1031 Exchange](https://creconsult.net/a-millennials-guide-to-building-wealth-with-a-1031-exchange/): Millennials could be the next wave of real estate investment property owners. According to a recent report from Harris Interactive, 55 percent of millennials said they were interested in real estate investing. - [Asking Rents Hit Record High](https://creconsult.net/asking-rents-hit-record-high/): U.S. asking rents are at an all-time high, and in some metros, more than double the average growth - [Big Boxy Apartment Buildings Are Our Rental Future](https://creconsult.net/big-boxy-apartment-buildings-are-our-rental-future/): Amid the materials shortages, price hikes, and other craziness of the housing market last year, something remarkable happened. US builders completed more apartments in large multi-unit buildings than ever before. - [2022 Multifamily REIT Results](https://creconsult.net/2022-multifamily-reit-results-multifamily-real-estate-news/): As of May 5, publicly traded U.S. equity REITs had an average 2021Q4 AFFO payout ratio estimate of 73.6 percent. - [Apartment Players Are 'Holding Their Breath Despite Surging Rents](https://creconsult.net/apartment-players-are-holding-their-breath-despite-surging-rents/): ven with the recent, steady rise in rents—by double-digits in many markets—that degree of revenue gains is unsustainable,That brings the focus to expenses. And there’s not a lot of hope that prices will come down, or even what might bring them down, commented a vice president for one leading apartment maintenance and construction distributor last week. - [Tech Companies Cast Their Eyes on Apartment Portfolios](https://creconsult.net/tech-companies-cast-their-eyes-on-apartment-portfolios/): When it comes to property management companies and technology supplier partners, the script has flipped for some this year as it’s tech companies that are showing greater interest in acquiring rather than serving these firms. - [Apartment Vacancy Has Ticked Up for Seven Consecutive Months](https://creconsult.net/apartment-vacancy-has-ticked-up-for-seven-consecutive-months/): Apartment List’s data show vacancy ticked up for seven consecutive months, reaching 5 percent in May. Its rent growth index shows a corresponding trend, as price growth has decelerated this year compared to 2021. - [Net Operating Income (NOI) & How To Calculate It](https://creconsult.net/net-operating-income-noi-how-to-calculate-it/): Real estate investors need information. The more information they have, the better the decisions they can make. There are a lot of tools to provide this information, but one of the most important is net operating income (NOI). Understanding what this calculation is and how to use it can help investors make decisions quickly regarding any property an investor is considering. - [What Is Holding Opportunity Zones Back? Industry Experts Weigh In](https://creconsult.net/what-is-holding-opportunity-zones-back-industry-experts-weigh-in/): Investors aren’t always making the connection that Opportunity Zone investments are impact investments – so what can the industry do about it? - [CRE activity is growing, as is demand for commercial financing](https://creconsult.net/cre-activity-is-growing-as-is-demand-for-commercial-financing/): As activity in the commercial real estate industry continues to rise, commercial lenders are seeing more requests for construction loans, acquisition loans, and refinances. But what kind of properties are developers and investors most interested in? Why are investors so interested in commercial real estate? And what do commercial lenders consider when deciding whether to approve a financing request? - [15 Reasons To Join eXp Commercial](https://creconsult.net/15-reasons-why-exp-commercial-is-turning-heads/): Real estate agents looking to get a foothold into the commercial real estate space could face challenges due to the industry’s entrenchment in tradition and old-school attitudes. That’s why the commercial real estate brokerage space is ripe for change and eXp Commercial has emerged as the CRE brokerage to watch. Here are 15 reasons why eXp Commercial is turning heads in the commercial real estate brokerage space. - [Cost Segregation: Ideal for Multifamily Properties](https://creconsult.net/cost-segregation-ideal-for-multifamily-properties/): In a cost segregation analysis, your client’s property elements are divided into two categories: real property, which includes permanent and immobile objects, like their building’s foundation, and personal property, which includes objects like a kitchen - [Long-Term Demand Drivers Will Keep CRE Correction At Bay](https://creconsult.net/long-term-demand-drivers-will-keep-cre-correction-at-bay/): With demographics driving property demand, the bigger picture points to generally strong drivers across the real estate spectrum. - [THE IMPACTS OF HIGHER INTEREST RATES ON THE RENTAL HOUSING INDUSTRY](https://creconsult.net/the-impacts-of-higher-interest-rates-on-the-rental-housing-industry/): When interest rates are discussed in broad terms, mortgage rates are the main lens, but the hikes are also spilling onto all segments of the housing industry, including multifamily. - [Multifamily Still Holds Top Perch Despite Supply Household Formation Concerns](https://creconsult.net/multifamily-still-holds-top-perch-despite-supply-household-formation-concerns/): Despite inflation and rising rates, multifamily maintains many of the same strong fundamentals as it did at the end of 2021. - [May Apartment Rents Posted Largest Increase for 2022](https://creconsult.net/may-apartment-rents-posted-largest-increase-for-2022/): Apartment rents are growing more slowly than they did in 2021, but at a pace faster than the years immediately preceding the pandemic, according to the latest national rent report by Apartment List. - [eXp Commercial Explained with Randolph Taylor](https://creconsult.net/exp-commercial-explained-with-randolph-taylor/): On June 2nd, 2022 Randolph Taylor, Senior Associate and Multifamily Investment Sales Broker with the Chicago-Naperville eXp Commercial office was featured to speak about his Commercial Real Estate practice servicing Multifamily Buyers and Sellers throughout the Chicagoland area and Suburbs. - [Cost Segregation Deadlines for Tax Year 2021 Extensions](https://creconsult.net/cost-segregation-deadlines-for-tax-year-2021-extensions/): If you filed an extension for 2021, you still have time to get a cost segregation study done before the September and October tax filing deadlines to mitigate some or all of what you owe. - [Your Second Chance to Defer Reduce Capital Gains Taxes?](https://creconsult.net/your-second-chance-to-defer-reduce-capital-gains-taxes/): The legislation, if passed, can assist investors who seek to shelter and reinvest capital gains, but timing is critical. The new law will allow Qualified Opportunity Zone (QOZ) investors to reduce their capital gains taxes by up to 15% if they re-invest their realized gains in a Qualified Opportunity Fund (QOF) by December 31, 2022, and by 10% if they re-invest by year-end 2023. - [Just Sold! 16-Unit Multifamily Property Aurora IL](https://creconsult.net/just-sold-16-unit-multifamily-property-aurora-il/): Brokered by Randolph Taylor, Senior Associate, and a Multifamily Investment Sales Broker with the Chicago-Naperville eXp Commercial office. - [National Association of REALTORS Chief Economist Real Estate Market Economic Forecast](https://creconsult.net/national-association-of-realtors-chief-economist-real-estate-market-economic-forecast/): Join Dr. Lawrence Yun, National Association of REALTORS® Chief Economist and Senior Vice President of Research, as he discusses his 2022 State of the Real Estate Market Economic Forecast. - [10 REASONS WHY YOU SHOULD INVEST IN COMMERCIAL REAL ESTATE](https://creconsult.net/10-reasons-why-you-should-invest-in-commercial-real-estate/): Commercial real estate or CRE has historically been rich with benefits, providing many investors with attractive risk-adjusted returns. As an alternative asset class, it also has a track record of delivering robust portfolio diversification. - [Multifamily Investors Primed To Pay A Premium](https://creconsult.net/multifamily-investors-primed-to-pay-a-premium/): According to a new analysis from Yardi Matrix, multifamily investors are increasingly willing to pay more than ever before for the asset class. - [Is Multifamily Real Estate a Good Investment?](https://creconsult.net/is-multifamily-real-estate-a-good-investment/): Investors who are looking for greater diversification and the potential for a steady stream of income may consider adding multifamily real estate to their portfolios. While many different property types are available to investors, multifamily properties have remained a consistently popular asset class for years. - [Inflation and 1031 Exchanges: A Guide for Real Estate Investors (Part I)](https://creconsult.net/inflation-and-1031-exchanges-a-guide-for-real-estate-investors-part-i/): If you’re a real estate investor, you may wonder how this rising price environment will impact your current holdings and whether you should make some adjustments to your portfolio. Here are a few things to consider before you make your next move. - [Inflation and 1031 Exchanges: A Guide for Real Estate Investors (Part II)](https://creconsult.net/inflation-and-1031-exchanges-a-guide-for-real-estate-investors-part-ii/): Want to sell your management-intensive multifamily property but do not want to buy another property or pay capital gains tax? Consider a Delaware Statutory Trust (DST), which is becoming increasingly popular among accredited investors selling property using a 1031 exchange. Investors are not required to provide additional capital for repairs and maintenance as allocated within the budget. Perhaps most importantly, investors have NO responsibility for operating the properties. - [A Backup Plan for Boot in a 1031 Exchange](https://creconsult.net/a-backup-plan-for-boot-in-a-1031-exchange/): There is a backup plan that could save your exchange from taxation. If suitable, the Delaware Statutory Trust or DST is a great option. - [Things to Know Before Starting a 1031 Exchange](https://creconsult.net/things-to-know-before-starting-a-1031-exchange/): If you own an investment property and are thinking of selling it, if suitable, engaging in a 1031 “like-kind” exchange may be a smart move. When done correctly, a 1031 exchange will allow you to defer all or part of the capital gains and depreciation recapture tax you would otherwise need to pay upon completion of your property sale. - [The Reverse 1031 Exchange: A Guide for Investors](https://creconsult.net/the-reverse-1031-exchange-a-guide-for-investors/): When engaging in a traditional 1031 exchange, you must sell your original property before you can purchase a replacement property. The major drawback here is that if the original property takes a long time to sell, you could miss out on your opportunity to buy the perfect replacement property. This is where a reverse 1031 exchange comes in. - [The Role of 1031 Exchanges in Estate Planning](https://creconsult.net/the-role-of-1031-exchanges-in-estate-planning/): The possible tax benefits that the 1031 exchange may offer, in combination with the option to divide assets appropriately to benefit heirs down the line, make 1031 exchanges an estate planning strategy worth considering. - [Getting Acquainted with Delaware Statutory Trusts (DSTs)](https://creconsult.net/getting-acquainted-with-delaware-statutory-trusts-dsts/): Are you thinking of selling your multifamily property and do not want to pay capital gains tax? DSTs are passive real estate investments run by professionals who manage property acquisitions and day-to-day operations. They often contain relatively low minimums, making them accessible to many real estate investors.   - [Do Capital Gains Count as Income?](https://creconsult.net/do-capital-gains-count-as-income/): Thinking of selling your multifamily property, but unsure of your tax exposure? The more you understand the ins and outs of capital gains and ordinary income, the better prepared you are to lessen your potential tax hit. - [The 7 Deadly Sins in a 1031 Exchange](https://creconsult.net/the-7-deadly-sins-in-a-1031-exchange/): If you’ve been thinking about engaging in a 1031 exchange, a Delaware Statutory Trust (DST) can be an excellent option. However, before getting involved, it’s important to understand the ins and outs of how they work. In particular, “7 Deadly Sins” must be avoided. Otherwise, the DST will fail to meet the “like-kind” requirements established by the IRS. - [eXp Commercial Meet and Greet in Las Vegas](https://creconsult.net/exp-commercial-meet-and-greet-in-las-vegas/): Attending ICSC? Close out the conference with eXp Commercial! Join us for a free networking event with eXp Commercial President James Huang, Director of Growth Stephanie Gilezan, plus other top agents, brokers, and CRE influencers LIVE in Las Vegas on May 24! - [Passive Real Estate for the Lazy Landlord](https://creconsult.net/passive-real-estate-for-the-lazy-landlord/): Even before Covid-19-related hurdles, normal tenant troubles, property maintenance, leasing agents, and property managers make for a headache and a hassle. Direct real estate ownership is not a passive endeavor, and it is not for everyone. - [Reinvesting in a DST After Your DST Liquidates](https://creconsult.net/reinvesting-in-a-dst-after-your-dst-liquidates/): While transitioning from a liquidating DST to a replacement DST is a widely popular approach for investors, this type of transaction still requires the steady hand of an experienced team of professionals to help ensure your reinvestment goes smoothly. - [13th Annual Chicagoland Multifamily & Apartment Summit - May 26, 2022](https://creconsult.net/13th-annual-chicagoland-multifamily-apartment-summit-may-26-2022/): Experts discuss the current state and future of Chicagoland Multifamily - [ICYMI: Watch KC Conway’s Presentation From the Commercial Real Estate Symposium](https://creconsult.net/icymi-watch-kc-conways-presentation-from-the-commercial-real-estate-symposium/): Didn’t make it to the Commercial Real Estate Symposium last month? Economist KC Conway analyzed the top trends shaping the commercial real estate industry, including supply chain disruptions, manufacturing site selections for 2022, commercial property price index, and more. Click below to watch his full presentation. - [Real Estate Has An Inflationary Income Risk](https://creconsult.net/real-estate-has-an-inflationary-income-risk/): Real estate is supposed to be a great inflation hedge, and it can be, so long as cash flow from rentals can increase fast enough to keep up with cap rate compression. - [Disrupted Trade Stalls GDP in First Quarter Underpins Industrial Demand](https://creconsult.net/disrupted-trade-stalls-gdp-in-first-quarter-underpins-industrial-demand/): Gross domestic product fell by an annualized rate of 1.4 percent in the opening quarter of 2022. The reduction was driven predominantly by a widening trade deficit, as import volumes climbed rapidly while exports declined. - [Single-Tenant Net Lease Sales Volume Soared In Q1](https://creconsult.net/single-tenant-net-lease-sales-volume-soared-in-q1/): According to recent research from Stan Johnson Company, the STNL market reported activity at around $21.7 billion. Over the last three months, the sector saw “negligible” movement in the overall cap rate, which moved down 3 bps to 5.84%. - [HOME BUYING EASES AS MORTGAGE RATES NEARLY DOUBLE THE PANDEMIC LOW](https://creconsult.net/home-buying-eases-as-mortgage-rates-nearly-double-the-pandemic-low/): Pending home sales reveal the impact of mortgage rate surge. Upward pressure on mortgage rates from lofty inflation and the Fed’s plan to hike interest rates multiple times this year influence home buying. - [Evictions are up sharply as pandemic rental aid runs out](https://creconsult.net/evictions-are-up-sharply-as-pandemic-rental-aid-runs-out/): Emergency rental aid has helped keep millions of people in their homes during the pandemic. But that federal program will start winding down this summer when it expects to have allocated all of the $46 billion from Congress. - [High Inflation Environment Places Spotlight on Multifamily Self-Storage and Hotel Assets](https://creconsult.net/high-inflation-environment-places-spotlight-on-multifamily-self-storage-and-hotel-assets/): The Consumer Price Index increased by another multidecade high margin in March as multiple factors drive ongoing upward price movements. The widespread economic shutdown in 2020 led to unprecedented levels of fiscal stimulus, engorging the money supply, while the Federal Reserve also boosted liquidity by cutting lending rates and offering new programs. - [Just Sold! 10-Unit Multifamily Property Aurora IL](https://creconsult.net/just-sold-10-unit-multifamily-property-aurora-il/): Brokered by Randolph Taylor, Senior Associate, and a Multifamily Investment Sales Broker with the Chicago-Naperville eXp Commercial office. - [Tax Reduction Strategies for Investment Property Owners](https://creconsult.net/tax-reduction-strategies-for-investment-property-owners/): There are many ways that you can defer or reduce your tax burden on your investment properties, and you’ll need to find the right strategy for you based on your current investments and income needs. - [NNN Cap Rates Have Continued to Compress Inflation Could Change That](https://creconsult.net/nnn-cap-rates-have-continued-to-compress-inflation-could-change-that/): Voracious appetite for net-lease product has propped up values, but if inflation continues to push the 10-Year Treasury up, cap rates will follow. - [US Commercial Property Price Growth Eases From Record High](https://creconsult.net/us-commercial-property-price-growth-eases-from-record-high/): The headline rate of U.S. commercial real estate price growth eased from all-time highs in March. The RCA CPPI National All-Property Index increased 17.4% from a year ago, down from the record 19.3% rate seen at the start of 2022 - [5 Reasons You Should Require Renters Insurance in the Lease](https://creconsult.net/5-reasons-you-should-require-renters-insurance-in-the-lease/): As a landlord or property manager, you can and should require a tenant to buy and maintain renters insurance in the lease. Although renters insurance isn't necessarily required (depending upon your state laws), it's a good idea to make it a requirement to rent your property. - [Higher Building Material Costs a Lagging Indicator of Higher Rents](https://creconsult.net/higher-building-material-costs-a-lagging-indicator-of-higher-rents/): Building material prices for home building and remodeling are up 20% year-over-year and 33% higher since the pandemic began. This will be a lagging contributor to higher rents, home prices, and inflation given ongoing affordability challenges. - [What Are the Top Two Real Estate Fundamentals to Keep in Mind When Investing?](https://creconsult.net/what-are-the-top-two-real-estate-fundamentals-to-keep-in-mind-when-investing/): Whether you’re planning to become a landlord or a real estate flipper or diversify your portfolio, there are important factors to consider before investing in property. - [Foreign Investors: What Do They Need to Know Before Investing in the US](https://creconsult.net/foreign-investors-what-do-they-need-to-know-before-investing-in-the-us/): There are no citizenship requirements for buying real estate in the US. Foreigners who are non-citizens can even apply for a mortgage in the US. However, foreign property owners may face complex tax laws compared to US citizens. - [Top 5 New Apartment Amenities to Budget For in 2023](https://creconsult.net/top-5-new-apartment-amenities-to-budget-for-in-2023/): While the possibilities to improve your community may be endless, we know that resources are not. With that in mind, we’ve considered the needs and preferences of today’s renters and focused on what upgrades could make the greatest impact. Here are the Top 5 New Apartment Amenities we think are worth considering for your 2023 community budget - [How Real Estate Can Beat Inflation](https://creconsult.net/how-real-estate-can-beat-inflation/): While we don’t know how long we’ll be facing high inflation, investment properties will hedge against inflation for as long as you own them. - [9 Mistakes Property Managers Make with Utility Management](https://creconsult.net/9-mistakes-property-managers-make-with-utility-management/): Utilities are one of the biggest expenses for apartment communities. And with inflation pushing the price of utilities to record-highs, it’s even more important that you’re keeping these expenses to a minimum. - [How to Get the Most Profit When Selling Your Investment Property](https://creconsult.net/how-to-get-the-most-profit-when-selling-your-investment-property/): Although there is not much an average seller can do to affect the supply line, they can create demand by using a good agent. - [What’s the Outlook for Affordable Multi-Family Housing in 2023?](https://creconsult.net/whats-the-outlook-for-affordable-multi-family-housing-in-2023/): While industry analysts don’t all agree about the current outlook for multi-family housing, the need for additional units during 2023 and beyond has been identified. - [Chicago Becomes the Hottest Rental Market Amid a Nationwide Cooldown](https://creconsult.net/chicago-becomes-the-hottest-rental-market-amid-a-nationwide-cooldown/): In major economic hubs such as Chicago, Boston, and New York, where there are more employment opportunities and higher concentrations of college students, monthly rents climbed by double digits compared to a year ago. Chicago Becomes the Hottest Rental Market. Chicago experienced the largest annual growth, with the median rent increasing 20.8% to $1,949 monthly. - [Deconstruct Looks at CRE Investment Forecast for 2023](https://creconsult.net/deconstruct-looks-at-cre-investment-forecast-for-2023/): CRE Investment Forecast for 2023. The market is going to have to adjust starting in the middle of next year,” LaSalvia said. “I have a feeling that we will start to see deal volume pick up a little bit more as prices maybe adjust a little bit and also as investors find creative ways to get deals done. - [Here’s What to Expect in Investment Sales in 2023](https://creconsult.net/heres-what-to-expect-in-investment-sales-in-2023/): Current market conditions have highlighted the fact that cap and interest rates are not highly correlated. Most folks believe this is the case, but it is not. Interest rate fluctuations generally predict the direction of cap rates but not the magnitude of those increases. Investment Sales in 2023? The cap rate versus interest rate relationship over the long term shows that the relationship is not highly correlated. - [Chicago Renters Only Make 69% Of The Income Needed To Afford Starter Homes](https://creconsult.net/chicago-renters-only-make-69-of-the-income-needed-to-afford-starter-homes/): The average income of renters in Chicago isn’t quite enough to allow them to afford an entry-level home. And as long as interest rates stay high and inventory is low, that will likely remain the case. - [Cash on Cash Return vs IRR: Understanding the Difference](https://creconsult.net/cash-on-cash-return-vs-irr-understanding-the-difference/): For commercial real estate investors, having access to as many metrics as possible to provide insight and comparison opportunities is critical. Various metrics are available, including cash-on-cash return and internal rate of return, enabling investors to compare properties more closely when deciding which to choose for investment. - [What You Should Know About Real Estate Valuation](https://creconsult.net/what-you-should-know-about-real-estate-valuation/): Estimating the value of real estate is necessary for a variety of endeavors, including financing, sales listing, investment analysis, property insurance, and taxation. But for most people, determining the asking or purchase price of a piece of real property is the most useful application of real estate valuation. - [Do You Know Where Your Money Is Coming From? Navigating Today's Lending Market](https://creconsult.net/do-you-know-where-your-money-is-coming-from-navigating-todays-lending-market/): Realizing a preapproval and rate and term sheet are not set in stone will go a long way in the current lending environment. Lenders are changing underwriting criteria, not making as many or any exceptions to lending guidelines, and lowering loan-to-value midstream in the escrow process. - [FHFA Announces 2023 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac](https://creconsult.net/fhfa-announces-2023-multifamily-loan-purchase-caps-for-fannie-mae-and-freddie-mac/): The Federal Housing Finance Agency (FHFA) announced today that the 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $75 billion for each Enterprise, for a combined total of $150 billion to support the multifamily market. The 2023 caps reflect an anticipated contraction of the multifamily originations market in 2023. - [10 Charts That Summarize The U.S. Economy - Hint: It's A Mixed Bag](https://creconsult.net/10-charts-that-summarize-the-u-s-economy-hint-its-a-mixed-bag/): Are we in a recession? Are we about to enter a recession? What is the biggest risk to our financial future? - [Selling an Apartment Building FAQ's](https://creconsult.net/selling-an-apartment-building-faqs/): Are you thinking of selling your multi-family property? Here are some of the most frequently asked questions we get from clients looking to sell multifamily properties in Chicago. - [If You're Hesitant To Hire A Broker For Your Multifamily Property Read This](https://creconsult.net/if-youre-hesitant-to-hire-a-broker-for-your-multifamily-property-read-this/): The most important benefit of exclusively listing your property with a broker is representation. - [Multifamily Rent Roll Curation - Next Steps in Portfolio Management](https://creconsult.net/multifamily-rent-roll-curation-next-steps-in-portfolio-management/): Portfolio management can move from macro to micro through the proactive use of job category targeting across individual property rent rolls and overall diversification benefits from lower reliance on local labor markets - [Inflation and Multifamily Real Estate: What to Expect for 2023](https://creconsult.net/inflation-and-multifamily-real-estate-what-to-expect-for-2023/): While rising inflation can be both disruptive and worrisome to multifamily owners, investors, and employees, the outlook for rental housing remains favorable. - [Purchasing Rental Properties With Existing Tenants](https://creconsult.net/purchasing-rental-properties-with-existing-tenants/): If the current occupants are month-to-month residents, you have more options for changing their lease and tenancy if they meet state and local law requirements. - [Should I Sell or Should I Hold? When is the best time for asset repositioning?](https://creconsult.net/should-i-sell-or-should-i-hold-when-is-the-best-time-for-asset-repositioning/): It doesn’t really matter what the current real estate market is like if you are looking to replace the investment property with another investment property, the ultimate decision to sell should also be based upon if you can increase your returns with the new replacement property, not what state the current market is in now. - [How Will Rising Costs (CPI) Affect Real Estate Investments](https://creconsult.net/how-will-rising-costs-cpi-affect-real-estate-investments/): Because there is a correlation between inflation and goods with a limited supply, CPI also impacts real estate investments and housing costs. Here’s how rising costs affect real estate investments and why making smart real estate purchases can benefit you in periods of high inflation - [Do I need an attorney for my commercial real estate deal or is my broker enough protection?](https://creconsult.net/do-i-need-an-attorney-for-my-commercial-real-estate-deal-or-is-my-broker-enough-protection/): A broker is a licensed professional who you hire to negotiate the sale or purchase of a real estate for a fee or a commission. However, they are typically not attorneys. - [Multifamily sellers: How to qualify a buyer before going under contract](https://creconsult.net/multifamily-sellers-how-to-qualify-a-buyer-before-going-under-contract/): As the seller of a multifamily asset, it’s crucial that the buyer you select is the best possible prospect for your property. Don’t waste time, money and opportunities: you must ensure they’re qualified, and can close and execute on the contract as signed. - [Falling Housing Prices Signal Inflation Retreat Won't Be Far Behind](https://creconsult.net/falling-housing-prices-signal-inflation-retreat-wont-be-far-behind/): Though wage growth and employment rates are also focuses of Fed policy, a retreat in inflation could give the financial regulator a signal that the aggressive interest rate hikes it pursued this year are no longer necessary. - [Everyone Looks Good When CRE Is Doing Well. But What Happens When Things Get Ugly?](https://creconsult.net/everyone-looks-good-when-cre-is-doing-well-but-what-happens-when-things-get-ugly/): Multifamily represents a greater share of the CRE market today and going forward “it’s going to be 50% of the market permanently.” At the moment, multifamily and industrial are the CRE asset classes that hold the most promise. - [Top 20 Property Management Companies of 2022](https://creconsult.net/top-20-property-management-companies-of-2022/): As many of our Multifamily Clients hire 3rd party Property Management Companies, we are sharing a recent review list of the top 20 Property Management Companies of 2022. - [CRE Beware: Niche Markets Specialized Talent Will Win Big In 2023](https://creconsult.net/cre-beware-niche-markets-specialized-talent-will-win-big-in-2023/): The growing need for rental properties will also continue to fuel growth in multifamily, AmTrustRE President Jonathan Bennett said. Space constraints will mean that entrepreneurial developers will need to work with municipal and zoning boards to increase potential development sites that feed the country's housing stock, and focus on conversions. - [One of the Biggest Multifamily Real Estate Deals in Chicago History](https://creconsult.net/one-of-the-biggest-multifamily-real-estate-deals-in-chicago-history/): In one of the biggest multifamily real estate deals in Chicago history, New York-based Emerald Empire bought the local portfolio of Pangea Properties in a sale exceeding $600 million. - [Co-living the solution to rising apartment rents?](https://creconsult.net/co-living-the-solution-to-rising-apartment-rents/): With thousands of units delivered this year alone, some might call it a year for the books. The market itself remained strong, with rent up about 9% in Chicago YOY. Because of the delay in units being delivered as a result continued economic roadblocks, rent is predicted to remain robust throughout 2023. - [From Inflation To War Here's What CRE Experts Saw Coming (And Didn't) In 2022](https://creconsult.net/from-inflation-to-war-heres-what-cre-experts-saw-coming-and-didnt-in-2022/): In January, Bisnow polled CRE experts for their takes on what would be the dominant trends of 2022. Below, we break down what they got right and what they missed. - [Basics of Real Estate Syndication](https://creconsult.net/basics-of-real-estate-syndication/): Real Estate Syndication is the phrase used to describe the concept of pooling the resources of and bringing together several different real estate investors in order to do a large commercial deal. - [Renter incomes continue to grow but the pace is moderating](https://creconsult.net/renter-incomes-continue-to-grow-but-the-pace-is-moderating/): Renter incomes continue to grow, but the pace is moderating ... and interestingly, the moderating pace of growth mirrors the trend in asking rents. Still, this is an encouraging trend for renter affordability -- with household incomes among new lease signers up 8.1% year-over-year in November. - [Commercial Rate Snapshot 12-5-2022](https://creconsult.net/commercial-rate-snapshot-12-5-2022/): These are the average available rates from eXp Commercial's Capital Partner CommLoan database of 700+ commercial lenders as of 12/05/22 and are provided for comparison purposes only. Actual rates are dependent on property and sponsor. - [Airbnb, Landlords Working Together To Fill Apartments With New Program](https://creconsult.net/airbnb-landlords-working-together-to-fill-apartments-with-new-program/): Airbnb rolled out a listing service for apartments that will include buildings where short-term sublets are allowed. Landlords who partner with the service will get a cut of the total booking revenue, usually 20%. - [The Problem Multifamily Can No Longer Ignore: Renters Insurance Compliance ](https://creconsult.net/the-problem-multifamily-can-no-longer-ignore-renters-insurance-compliance/): Renters insurance compliance is a problem that multifamily can no longer ignore – the risks and costs are far too great to let it continue slipping through the cracks. - [Madary’s JVM Shells Out $72M For New Romeoville Apartments](https://creconsult.net/madarys-jvm-shells-out-72m-for-new-romeoville-apartments/): It’s the latest this year to illustrate the rise in apartment buildings values even at long distances from downtown Chicago. Collar counties have proven attractive to multifamily developers as of late, who say the jurisdictions provide more certainty regarding property tax costs than Cook County. - [How Inflation Affects Commercial Real Estate](https://creconsult.net/how-inflation-affects-commercial-real-estate/): Multifamily, retail, office, industrial. How do you see each one of these being affected in this high inflationary environment with low credit and hard financing? - [Intro to Commercial Real Estate - eXp Commercial Brokerage](https://creconsult.net/intro-to-commercial-real-estate-exp-commercial-brokerage/): The Intro to Commercial Real Estate event will focus on training new professionals the basic skills and knowledge needed for a successful career in commercial real estate, including a detailed look at the different product types and services, technology you need to succeed, industry trade groups you can tap into, and more. - [U.S. Apartment Rents Decline For Third Straight Month](https://creconsult.net/u-s-apartment-rents-decline-for-third-straight-month/): Apartment List reported that its rent index fell by 1% nationally in November, the third straight month of declines. While rents typically dip this time of year, this is the second straight month of record declines, indicating a pricing correction due to changing economic conditions and cooling demand, according to the report. - [People need more space fortunately for self-storage](https://creconsult.net/people-need-more-space-fortunately-for-self-storage/): City living comes with cons—and for many, it’s sacrificing square feet. Fortunately for the self-storage sector, less space in the home means more is needed outside of ii, causing an increase in storage units near multifamily hotspots. - [Aurora Starts Process Of Creating TIF District For Hollywood Casino](https://creconsult.net/aurora-starts-process-of-creating-tif-district-for-hollywood-casino/): Aurora is forming a tax increment financing district to help pay for $50 million in benefits for the development of a new complex for the Hollywood Casino. - [Mortgage Applications Jump as Interest Rates Finally Drop](https://creconsult.net/mortgage-applications-jump-as-interest-rates-finally-drop/): For months, mortgage rates rose with no end in sight, and potential homebuyers backed off. Now the reverse is happening. - [Rising Rents? Blame the Supply Shortage](https://creconsult.net/rising-rents-blame-the-supply-shortage/): Much has been made about rising rents in recent months, often with the implication that they are the result of price gouging. In fact, the explanation is much simpler. It’s simple Econ 101—the U.S. does not have enough housing to meet demand. - [We've Got To Figure Out How To Turn That Around: Multifamily CEOs On The Industry's Image Problem](https://creconsult.net/weve-got-to-figure-out-how-to-turn-that-around-multifamily-ceos-on-the-industrys-image-problem/): We have to change the perceptions of the industry," Avanath Capital CEO Daryl Carter said. Avanath owns and operates about 16,000 apartments across 14 states. More than 80% of their units are affordable in the traditional sense, including tax-credit or Section 8 properties. - [Mainstreet | 1.13.23 Commercial Economic Outlook Breakfast](https://creconsult.net/mainstreet-1-13-23-commercial-economic-outlook-breakfast/): Join us live at our 2023 Commercial Economic Outlook Breakfast for two dynamic speakers. Dr. Anthony Chan will join us again back again by popular demand, along with Dan Seals, CEO of Intersect Illinois. Both speakers bring data to life through a national and state-wide lens. Join Mainstreet and CCIM Illinois for this powerhouse presentation that is sure to provide informational content to use through out the year. - [Mainstreet | 12.7.22 Market Report on Canadian Markets](https://creconsult.net/mainstreet-12-7-22-market-report-on-canadian-markets/): Join the Mainstreet Global Council virtually as we get an update on Canadian markets from the Manitoba Association of Real Estate, while we give their members our market report. Enjoy this meet-and-greet opportunity with members of this Association and learn about real estate opportunities within this region of the world. You will have the opportunity to share your contact info, and network after when we break out into small groups. - [Residential Rent Growth Slows Nationwide Resumes Regular Seasonal Shifts](https://creconsult.net/residential-rent-growth-slows-nationwide-resumes-regular-seasonal-shifts/): The median asking rent for U.S. apartments rose 7.8% year-over-year in October to $1,983, the smallest annual increase since August 2021, Redfin reports. Rents declined 0.9% nationwide month-over-month. - [FHA and HUD Real Estate Loans](https://creconsult.net/fha-and-hud-real-estate-loans/): FHA loans offer some of the most generous terms of any commercial real estate loans. Their high allowed leverages, low interest rates and long available terms make HUD/FHA loans attractive to investors who are purchasing, building or renovating qualifying multifamily properties. Few other loan programs match what HUD and the FHA offer - [10 Common Themes Amongst Apartment REITs In 3Q22](https://creconsult.net/10-common-themes-amongst-apartment-reits-in-3q22/): As fall earnings season comes to a close, we take a look at the 10 themes apartment REITs and REIT analysts discussed. From economic pressures to resident retention, here are the themes that illustrate how apartment performance has changed, including a few refreshed themes from the fall 2021 earnings season, and what it means as we head into 2023. - [Explaining the Breakdown of One Dollar of Rent](https://creconsult.net/explaining-the-breakdown-of-one-dollar-of-rent-national-apartment-association/): With so much discussion around rent payments and the prevailing misconception that rental housing owners enjoy large margins, the National Apartment Association (NAA) has released an explanation of the breakdown of one dollar of rent for 2022. - [Why Should I Sell My Multifamily Property?](https://creconsult.net/why-should-i-sell-my-multifamily-property/): There are a number of reasons why people decide to sell their multifamily property, but most can be categorized into three groups: Problems, Opportunities, and Changes. With this decision though comes the consideration of capital gains tax and how to ensure you are getting the most for the sale of your property. - [2023 State of The Commercial Real Estate Industry](https://creconsult.net/auto-draft/): Mark your calendars and join eXp Commercial President James Huang and Economist KC Conway, MAI, CRE, CCIM on January 17 for a fireside chat as they discuss the state of the 2023 economy and how you can prepare your business for success in the changing market. - [Apartment Market Pulse Fall 2022 | National Apartment Association](https://creconsult.net/apartment-market-pulse-fall-2022-national-apartment-association/): Despite a drop in demand, the apartment sector continued to record healthy rent growth, although at a slower pace. - [Loan Assumptions Gain Appeal With Larger Multifamily Buyers Amid Spiking Interest Rates](https://creconsult.net/loan-assumptions-gain-appeal-with-larger-multifamily-buyers-amid-spiking-interest-rates/): That combination of high cost and uncertainty has given the idea of loan assumption more appeal among those who can afford it — and with the higher level of equity often required, relatively few investors can, Wealth Management reports. - [Midterm Primer: What’s At Stake For CRE In Elections Across The U.S.](https://creconsult.net/midterm-primer-whats-at-stake-for-cre-in-elections-across-the-u-s/): Undoubtedly, these U.S. midterm elections are consequential, but for commercial real estate, there is really only one issue at play: the economy. - [Under-The-Radar Community Upgrades and Strategies | National Apartment Association](https://creconsult.net/under-the-radar-community-upgrades-and-strategies-national-apartment-association/): >Improvements don’t always have to be extensive and costly, like a new clubhouse or fitness center. Some of the best ways to add value to a property are simple, cost-effective improvements - [eXp Commercial Economist KC Conway Offers Insight and Tips on How to Pivot During Strong Economic Headwinds](https://creconsult.net/exp-commercial-economist-kc-conway-offers-insight-and-tips-on-how-to-pivot-during-strong-economic-headwinds/): "Multifamily is going to stay strong. The reason being, it now costs over $300,000 a unit to build a new stick-built apartment. Three years ago, that was the median price of a single-family home in the United States. Housing Shortage + Young Workforce = Need for Housing Innovation The young workforce – the Millennial workforce, the Gen Z – cannot buy housing. They have student loan debt. They don't have the credit. They don't have the cash savings, and they can't afford a 7% mortgage. Rents are going to continue to rise 6-8% and 10-12%, especially in markets like Texas and Florida and other inland markets where the workforce is going." Related: Multifamily's Prime Target? Aging Millennials https://creconsult.net/market-trends/multifamilys-prime-target-aging-millennials/ - [Multifamily's Prime Target Aging Millennials](https://creconsult.net/multifamilys-prime-target-aging-millennials/): One would expect that multifamily owners and developers are taking the preferences of the nation’s largest renter cohort into consideration. However, recent residential development patterns demonstrate that this is not the case. - [Appraising Change](https://creconsult.net/appraising-change/): Climate change, shifting criteria, and growing complexity in assets are facilitating an evolution in commercial real estate valuation. - [US Economy Grew at 2.6% Annual Rate in Q3 GDP Report Shows](https://creconsult.net/us-economy-grew-at-2-6-annual-rate-in-q3-gdp-report-shows/): Gross domestic product increased 0.6 percent after two quarters of decline, but key components continue to show an economic slowdown. - [Rising Cost of Capital Squeezing Multifamily Cap Rates](https://creconsult.net/rising-cost-of-capital-squeezing-multifamily-cap-rates/): The increasing cost of capital and mounting concerns about ex-ante exit cap rates will ultimately drive buyers’ bids lower and property yields higher for the multifamily sector. So, multifamily property values will face pressure from both the Fed pushing rates and banks following suit with loan interest rates. - [Multifamily Fundamentals Are Still Fairly Strong Say Panelists](https://creconsult.net/multifamily-fundamentals-are-still-fairly-strong-say-panelists/): While many are trying to figure out if we are in a recession yet or not, fundamentals in multifamily are “still fairly strong - [September Marked Turning Point for Multifamily Rents](https://creconsult.net/september-marked-turning-point-for-multifamily-rents/): Year-over-year rent increases slowed but are still up 8.8 percent last month. September apartment rents are down month-over-month, in what experts from Rent.com call “a hopeful sign” the market is stabilizing. - [The Keys to Multifamily Transactional Success This Year](https://creconsult.net/the-keys-to-multifamily-transactional-success-this-year/): Buyers and sellers have to adjust to the new normal. Sellers historically have been relatively slow to respond to these kinds of shifts, That is where you have the gap between buyers and sellers. - [Multifamily Proposal Activity Stays Hot Single-Family Flattens](https://creconsult.net/multifamily-proposal-activity-stays-hot-single-family-flattens/): Even though multifamily proposal activity continues to be relatively strong, the index has cooled somewhat, likely due to the rising cost of borrowing money to finance new projects, says Burstein. - [Chicago Multifamily Investors Pushing Deals Forward As Economic Conditions Worsen](https://creconsult.net/chicago-multifamily-investors-pushing-deals-forward-as-economic-conditions-worsen/): Chicago’s once-red-hot multifamily investment market has chilled a few degrees amid higher interest rates, rising inflation and more big investors sitting on the sidelines to see how it all plays out. But there are still deals to be had, money at the ready, and fundamentals like a gaping housing shortage that had panelists at Bisnow Multifamily Annual Conference in Chicago confident any lull in the action will be temporary. - [Commercial Real Estate Symposium October 25 2022 7 a.m. – 3 p.m. PT](https://creconsult.net/commercial-real-estate-symposium-october-25-2022-7-a-m-3-p-m-pt/): Hear from the industry’s top leaders, national economists and thriving entrepreneurs on the future of commercial real estate. Register now for this FREE event. - [Cap rates jump 72 basis points in 6 months](https://creconsult.net/cap-rates-jump-72-basis-points-in-6-months/): Data is backing up what many multifamily buyers and sellers already know —cap rates are rising in apartments around the country. - [The Fed Will Slow Rate Hikes As Risks for a Financial Accident Grow](https://creconsult.net/the-fed-will-slow-rate-hikes-as-risks-for-a-financial-accident-grow/): The Fed will be forced to slow its pace of rate hikes as volatility ramps up, Charles Schwab said. Analysts pointed to strains in bond and currency markets, which stem from the Fed's aggressive hikes this year. That means risks are not only rising for a recession, but for a financial accident as well, Schwab warned. - [Rate Caps Costs Soar Even Higher](https://creconsult.net/rate-caps-costs-soar-even-higher/): In late May of this year, the signs were already rising with the dry hot sun of interest rate increases. With them went the costs of interest rate caps - [2021 Income/Expense IQ Executive Summary | National Apartment Association](https://creconsult.net/2021-income-expense-iq-executive-summary-national-apartment-association/): Coming off a year in which the apartment industry arguably turned in its best performance on record, owners and operators are facing more challenges in 2022. - [More people are renting than ever. But what Chicago zip codes boast the highest share of renters?](https://creconsult.net/more-people-are-renting-than-ever-but-what-chicago-zip-codes-boast-the-highest-share-of-renters/): With the cost of building a home at an all-time high, the dream of homeownership is taking a backseat for many people in America. Renting is at the highest level in half a century, and 43.7 million U.S. households are currently making do in rented apartments. - [Here come the renters: U.S. households living in rental units hits 55-year high in 2021](https://creconsult.net/here-come-the-renters-u-s-households-living-in-rental-units-hits-55-year-high-in-2021/): How strong is the country’s multifamily market? A new study by RentCafe found that 43.7 million U.S. households lived in rentals in 2021. That’s the highest this figure has been in the last 55 years. - [Apartment Demand Sinks in Q3](https://creconsult.net/apartment-demand-sinks-in-q3/): This decline in demand is not due to affordability but more so due to “a freeze in new household formation,” for example, roommates separating or children moving out of a parents’ home rather than residents moving from Class A to Class B and Class C or from higher-priced cities to more affordable suburbs. - [Lack of Multifamily Supply in Chicago Market Is Catalyst for High Rents](https://creconsult.net/lack-of-multifamily-supply-in-chicago-market-is-catalyst-for-high-rents/): This summer, for the first time in U.S. history, median rent costs in major cities surpassed $2,000 per month, according to a Redfin report issued in May. - [Banks With Bulging Commercial Property Loans Face Extra Regulatory Attention](https://creconsult.net/banks-with-bulging-commercial-property-loans-face-extra-regulatory-attention/): Executives at banks with some of the highest commercial property loan concentrations were careful to emphasize earlier this year that they’ve got things under control. - [How Much Do Property Managers Charge?](https://creconsult.net/how-much-do-property-managers-charge/): For many property investors, hiring a property manager is well worth the property management fees charged. It’s efficient to pay someone else who specializes in this work to take care of everything. - [What Is a Cap Rate?](https://creconsult.net/what-is-a-cap-rate/): One of the most fundamental concepts in real estate investing is the capitalization rate, better known as the "cap rate." - [Chicago's Apartment Demand Fundamentals Offer Upside Stability to Investors](https://creconsult.net/chicagos-apartment-demand-fundamentals-offer-upside-stability-to-investors/): The Chicago multifamily market features some of the most steady and stable demand fundamentals in the United States. Over the past five years alone, Chicago increased its occupancy levels and households and doubled its rent growth returns, all while population growth declined in absolute numbers. - [Chicago Unveils Effort To Create Hundreds of Affordable Apartments in Converted Office Buildings](https://creconsult.net/chicago-unveils-effort-to-create-hundreds-of-affordable-apartments-in-converted-office-buildings/): >Chicago officials are soliciting proposals to convert vintage office buildings into hundreds of affordable apartments on a stretch of the city’s one-time LaSalle Street financial corridor that in recent years has lost large tenants to new developments. - [Multifamily Conversions Could Be a Lifeline for Chicago's Ailing Hotels](https://creconsult.net/multifamily-conversions-could-be-a-lifeline-for-chicagos-ailing-hotels/): For most areas in downtown Chicago, the precipitous drop in office occupancy is devastating to more than just the office landlords. Fewer downtown workers equal less demand for retail tenants and for hotels relying on midweek business travel. - [US Apartment Sales Outpace Last Year Despite Higher Interest Rates](https://creconsult.net/us-apartment-sales-outpace-last-year-despite-higher-interest-rates/): U.S. apartment sales during the past nine months have outpaced last year but some analysts say it could fall short in the fourth quarter of reaching 2021’s record level. - [Recession in 2023 CRE in Good Shape to Sail Through It](https://creconsult.net/recession-in-2023-cre-in-good-shape-to-sail-through-it/): We won’t see something like 2008 again,” Summers said, noting that homeowners are much less leveraged, inventory is not overbuilt and lenders are stronger and much more careful in underwriting mortgages than they were during the sub-prime crisis. - [Four Reasons Multifamily Will Remain an Attractive Hedge According to One CEO](https://creconsult.net/four-reasons-multifamily-will-remain-an-attractive-hedge-according-to-one-ceo/): The multifamily asset class will remain a safe place to deploy capital despite rising rates and inflation, one industry watcher tells GlobeSt.com. - [A CRE Executive's Outlook On Market Optimism](https://creconsult.net/a-cre-executives-outlook-on-market-optimism/): There have been growing concerns about inflation across the commercial real estate sector, but the overall economic outlook is positive. - [The most active downtown areas for apartment construction? Chicago is ranked No. 12](https://creconsult.net/the-most-active-downtown-areas-for-apartment-construction-chicago-is-ranked-no-12/): Downtown multifamily construction has flourished across the U.S. over the last decade in response to people’s changing preferences. Even with many people’s shift to suburban life caused by COVID-19, the shine of city living has yet to be dimmed. - [Just Sold! Former UAW Local No 145 Office Building Montgomery IL](https://creconsult.net/just-sold-former-uaw-local-no-145-office-building-montgomery-il/): Brokered by Randolph Taylor CCIM, Multifamily Investment Sales Broker with the Chicago-Naperville eXp Commercial office. Randolph can be contacted at (630) 474-6441 rtaylor@creconsult.net - [Legislation Introduced to End Federal CARES Act Notice to Vacate](https://creconsult.net/legislation-introduced-to-end-federal-cares-act-notice-to-vacate-national-apartment-association/): In March 2020, Congress passed the CARES Act, legislation that included a temporary 120-day moratorium on evictions and late fees for federally-backed and federally-assisted housing. The moratorium featured what should have been a temporary notice to vacate requirement. Due to a drafting error in the legislation, however, this provision – which intrudes state and local notice periods – has remained in place long past the moratorium’s expiration, and remains a disputed issue in courts today. - [eXp Commercial Partner O’Connor Focuses on Property Tax Reduction](https://creconsult.net/exp-commercial-partner-oconnor-focuses-on-property-tax-reduction/) - [Apartment rental rates drop for first time in two years](https://creconsult.net/apartment-rental-rates-drop-for-first-time-in-two-years/): The spike in rental property rates across much of the United States is finally starting to level out, according to a September analysis by data company CoStar Group. - [Record-low vacancy rates mean a good second half of 2022 for multifamily](https://creconsult.net/laramar-group-record-low-vacancy-rates-mean-a-good-second-half-of-2022-for-multifamily/) - [HUD Announces Increased Payment Standards, More Vouchers | National Apartment Association](https://creconsult.net/hud-announces-increased-payment-standards-more-vouchers-national-apartment-association/) - [Higher-Income Renters Pay the Biggest Rent Hikes and are Least Likely to Miss a Rent Payment](https://creconsult.net/higher-income-renters-pay-the-biggest-rent-hikes-and-are-least-likely-to-miss-a-rent-payment/) - [5 Incentives to Increase Multifamily Lease Renewals](https://creconsult.net/5-incentives-to-increase-multifamily-lease-renewals/) - [Why One Industry Vet Says Now Is The Golden Age Of Multifamily Investment](https://creconsult.net/why-one-industry-vet-says-now-is-the-golden-age-of-multifamily-investment/) - [How To Lower Your Taxes As a Real Estate Investor](https://creconsult.net/how-to-lower-your-taxes-as-a-real-estate-investor/) - [No huge drop-off coming: Multifamily market expected to remain hot into 2023](https://creconsult.net/no-huge-drop-off-coming-multifamily-market-expected-to-remain-hot-into-2023/) - [Tax Efficient Growth with 1031 Exchanges](https://creconsult.net/tax-efficient-growth-with-1031-exchanges/) - [Slowing inflation on rental prices still leaves affordability issues for tenants](https://creconsult.net/slowing-inflation-on-rental-prices-still-leaves-affordability-issues-for-tenants/): Finding an affordable place to live has been a challenge for Americans in numerous parts of the country over the last several years after the pandemic supercharged competition for properties and a longstanding supply shortage sent prices upward. - [How inflation is measured: 3 examples](https://creconsult.net/how-inflation-is-measured-3-examples/): Housing is perhaps the most consequential category in the consumer price index, a key inflation barometer. - [Investors take note: Chronic underproduction of housing in the U.S. puts workforce rental housing in the spotlight](https://creconsult.net/investors-take-note-chronic-underproduction-of-housing-in-the-u-s-puts-workforce-rental-housing-in-the-spotlight-2/): Investors looking for attractive returns in the U.S. housing market need look no further than workforce rental housing. A chronic shortage of housing in the country, exacerbated by onerous zoning, land use, and environmental regulations, labor shortages, and demographic shifts, has created a prime opportunity for investing in this segment. - [Rent prices feeling higher than ever? It’s nothing compared to last year](https://creconsult.net/rent-prices-feeling-higher-than-ever-its-nothing-compared-to-last-year/): For prospective tenants, rent prices feel higher than ever before. But if you compare the numbers to this time last year? They’re reportedly lower, based on new data from Rentometer. - [Home price declines may be over, S&P Case-Shiller says](https://creconsult.net/home-price-declines-may-be-over-sp-case-shiller-says/): Image courtesy of https://www.eemortgagebroker.com.au - [Investors take note: Chronic underproduction of housing in the U.S. puts workforce rental housing in the spotlight](https://creconsult.net/investors-take-note-chronic-underproduction-of-housing-in-the-u-s-puts-workforce-rental-housing-in-the-spotlight/): Investors looking for attractive returns in the U.S. housing market need look no further than workforce rental housing. - [Aurora self-storage market soon to change; projected to add 243,000 square feet in 2023](https://creconsult.net/aurora-self-storage-market-soon-to-change-projected-to-add-243000-square-feet-in-2023/): With one of the most undersupplied markets at only 2.4 square feet of self-storage space per person at the moment, Aurora, Illinois, is set to benefit from very generous self-storage developments - [Commercial Real Estate Financing Rates Update May 16th 2023](https://creconsult.net/commercial-real-estate-financing-rates-update-may-16th-2023/): These are the average of the top competitive rates from the eXp Commercial's National Capital Markets Partner CommLoan from a database of 700+ commercial lenders as of 5/16/23. Actual rates are dependent on property and sponsor and are provided for comparison purposes only - [What is Debt Yield and How Does it Apply in Commercial Real Estate](https://creconsult.net/what-is-debt-yield-and-how-does-it-apply-in-commercial-real-estate-2/): Debt yield hasn’t traditionally been a primary commercial real estate loan underwriting metric, but more lenders are incorporating it into their criteria. In the current real estate market, measuring debt yield ratios provides lenders with a stable assessment regardless of unusual or changing conditions. - [NAR Chief Economist Offers Commercial Real Estate Market Forecast](https://creconsult.net/nar-chief-economist-offers-commercial-real-estate-market-forecast/): Challenges facing the commercial real estate market brought on by tightening lending policies among many small and regional banks, which have been a key source of commercial loans. Still, due to continuing U.S. job gains, net absorption has been mostly positive nationwide, Yun said, with the apartment, industrial and retail sectors helping to keep the industry relatively stable. - [How to Find Multifamily Listings With Less Competition](https://creconsult.net/how-to-find-multifamily-listings-with-less-competition/): Many multifamily homes for sale were scooped up for depreciation, 1031 exchanges, or to add more units to an existing portfolio. - [How Do I Get A Multifamily Loan?](https://creconsult.net/how-do-i-get-a-multifamily-loan/): One of the most common questions I get is, “How Do I Get A Multifamily Loan?” The simple answer, “Be Prepared!” - [What Multifamily Real Estate Brokers Want You To Know](https://creconsult.net/what-multifamily-real-estate-brokers-want-you-to-know/): If you’re new to the multifamily real estate sector of the commercial market, you may find that it is vastly different from other real estate niches you have previously invested in. - [Renters dig deeper…into their pockets: Chicago experiences fifth-highest monthly rent growth among largest cities in U.S.](https://creconsult.net/renters-dig-deeperinto-their-pockets-chicago-experiences-fifth-highest-monthly-rent-growth-among-largest-cities-in-u-s/): One thing that Chicagoans know all too well is that renting in the city comes at a price, and in recent months, rent prices have continued to increase. - [Can I Refinance My 1031 Exchange Property?](https://creconsult.net/can-i-refinance-my-1031-exchange-property/): If you follow all the rules for a full 1031 exchange and later decide to complete a cash-out refinance on the replacement property, this should not impact your tax deferral. - [Commercial Mortgage Rates Update](https://creconsult.net/commercial-mortgage-rates-update/): Commercial mortgage rates constantly change, and updating live rates is often tricky. Several factors determine commercial real estate loan rates, but the most important factors are supply and demand. - [More Cities Giving Away Money For Office-To-Resi Projects As Threat Of Obsolescence Grows](https://creconsult.net/more-cities-giving-away-money-for-office-to-resi-projects-as-threat-of-obsolescence-grows/): Falling tax revenue. Aging downtowns losing their vitality. Record office vacancy. A housing crisis. One strategy could tackle all of these problems in one fell swoop: a wave of office-to-residential conversions. - [Ultra Low Interest Rates Will Be Back](https://creconsult.net/ultra-low-interest-rates-will-be-back/): Inflation was a blip, and long-term ultra-low interest rates will return - [Commercial Rate Snapshot April 10th 2023](https://creconsult.net/commercial-rate-snapshot-april-10th-2023/): These are the average available rates from eXp Commercial's Capital Partner CommLoan database of 700+ commercial lenders as of 4/10/2023 and are provided for comparison purposes only. Actual rates are dependent on property and sponsor. - [15 Tax Deductions for Landlords During Tax Season](https://creconsult.net/15-tax-deductions-for-landlords-during-tax-season-2/): When tax season approaches, don't forget to look for money-save tax deductions for landlords. - [Chicago Home Price Growth Outpaces Nation for First Time Since 2016](https://creconsult.net/chicago-home-price-growth-outpaces-nation-for-first-time-since-2016/): The Windy City’s housing market is showing resilience, as its home-price growth has topped the national average for the first time in years. - [Mixed-Use Conversions May Be The Future Of Chicago's Suburban Office](https://creconsult.net/mixed-use-conversions-may-be-the-future-of-chicagos-suburban-office/): As the Chicago suburbs face record-high office vacancies, the future of suburban office is likely to hinge on the conversion of outdated buildings into modernized mixed-use spaces - [Why rent prices dropped for the third straight month](https://creconsult.net/why-rent-prices-dropped-for-the-third-straight-month/): A new rent report reveals that the rental market has seemingly flipped: After prices surged throughout 2021 and most of 2022, they've declined almost as quickly for five of the last six months. - [How can I increase the value of my multifamily investment property?](https://creconsult.net/how-can-i-increase-the-value-of-my-multifamily-investment-property/): It's important to note that increasing the value of your property takes time and effort, and it's advisable to consult with a real estate professional to determine the best strategy for your specific property and market conditions. - [Value of Representation Exclusively Listing Your Property for Sale](https://creconsult.net/value-of-representation-exclusively-listing-your-property-for-sale/): Commercial real estate can be a complex and highly competitive market, and finding the right representation is essential for a successful transaction. - [Why is eXp Commercial a better choice for Commercial Real Estate Agents than other commercial real estate brokerages?](https://creconsult.net/why-is-exp-commercial-a-better-choice-for-commercial-real-estate-agents-than-other-commercial-real-estate-brokerages/): eXp Commercial offers a unique combination of technology, support, and collaboration, making it a better choice for commercial real estate agents who want to take their careers to the next level. - [How Can I Lower My Multifamily Operating Costs](https://creconsult.net/how-can-i-lower-my-multifamily-operating-costs/): Improvements in NOI will improve your returns as well as your property value. To follow are a few ways you can lower your operating costs if you own a Multifamily Property. - [Should I Still Consider Selling My Property Despite High Interest Rates?](https://creconsult.net/should-i-still-consider-selling-my-property-despite-high-interest-rates/): There are a number of reasons to still consider selling your commercial real estate despite high interest rates. - [Commercial Rate Snapshot March 27th 2023](https://creconsult.net/commercial-rate-snapshot-march-27th-2023/): These are the average available rates from eXp Commercial's Capital Partner CommLoan database of 700+ commercial lenders as of 3/27/2023 and are provided for comparison purposes only. Actual rates are dependent on property and sponsor. - [Moody's Analytics' Kevin Fagan On Why CRE's Outlook May Not Be So Grim](https://creconsult.net/moodys-analytics-kevin-fagan-on-why-cres-outlook-may-not-be-so-grim/): Although he said the real estate market would experience some pain and distress, he stressed that the credit conditions are far better than they have been in previous downturns. - [2023 Spring Leasing Preview | National Apartment Association](https://creconsult.net/2023-spring-leasing-preview-national-apartment-association/): Inflation and rent growth have cooled slightly, but the demand for renting quality apartments has not. Here are some leasing trends multifamily executives have seen—some new, some already well-established. - [The Only Constant Is Change | National Apartment Association](https://creconsult.net/the-only-constant-is-change-national-apartment-association/): We are exploring how the continued evolution of the remote work phenomenon affects the design and management of rental housing. - [Mainstreet | 4.20.23 Commercial Deal Makers Forum](https://creconsult.net/mainstreet-4-20-23-commercial-deal-makers-forum/): Join us at the Commercial Deal Makers Forum, a Mainstreet Signature event presented to you by Mainstreet's Commercial Alliance. You will enjoy an interactive and informative round table event where many relevant commercial topics will be discussed by industry experts. - [Chicago Suburb Ranks Among Best Places in Nation to Live](https://creconsult.net/chicago-suburb-ranks-among-best-places-in-nation-to-live/): Naperville ranked No. 4 on Livability.com’s “Top 100 Best Places to Live in America,” the Naperville Sun reported. The top city was Madison, Wisconsin, followed by Ann Arbor, Michigan, and Rochester, Minnesota. - [High-Income Renters Stay Out of Homebuying Fray](https://creconsult.net/high-income-renters-stay-out-of-homebuying-fray/): A high income is an increasingly weak opponent for the supply strain and sapped spending power plaguing the U.S. housing market. According to the Wall Street Journal, the number of households renting while making $150,000 or more per year has skyrocketed in recent years. - [Rent Growth Climbs Slightly in February | National Apartment Association](https://creconsult.net/rent-growth-climbs-slightly-in-february-national-apartment-association/): Rent growth is back in positive territory after five straight months of declines. - [@properties Implements 1% Broker Fee On Transactions](https://creconsult.net/properties-implements-1-broker-fee-on-transactions/): Not at eXp Realty / eXp Commercial! Now even a better Value Proposition to join the fastest growing International Real Estate Brokerage Firm. Happy to chat if you want to make a change: Randolph Taylor 630.474.6441 rtaylor@creconsult.net - [Lending Guru Charles Rho Gives Advice on How to Prepare During a Down Market](https://creconsult.net/lending-guru-charles-rho-gives-advice-on-how-to-prepare-during-a-down-market/): Hunker down and play defense, or try to play offense and look for opportunity. That means understanding what your strategy is and what’s your competition.Those who can control their expenses will survive through a recession. And not only will they survive, they will come out stronger and essentially your field of competitors will shrink in a recession - [eXp World Holdings Reports Q4 and Full-Year 2022 Results](https://creconsult.net/exp-world-holdings-reports-q4-and-full-year-2022-results/): eXp World Holdings Reports Q4 and Full-Year 2022 Results. 2022 Revenue of $4.6 Billion, up 22% Year Over Year. Moving forward, eXp’s profitable North American Realty segment will enable us to continue investing in the eXp platform to accelerate agent success and drive long-term, profitable growth. - [Sam “Simcha” Applegrad Pays $31M for Schaumburg Apartments](https://creconsult.net/sam-simcha-applegrad-pays-31m-for-schaumburg-apartments/): Applegrad pays $31M for Schaumburg apartments Seller paid $47M for a 396-unit property in 2014. Sam “Simcha” Applegrad picked up an apartment complex in the northwest Chicago suburbs for $31 million, adding to the streak of multifamily trades in the area as deal volume for other commercial real estate assets dives while rising interest rates wedge pricing gaps between buyers and sellers. - [Reversing Pandemic Trend, Apartment Sizes Shrink As Developers Try To Boost Yield](https://creconsult.net/reversing-pandemic-trend-apartment-sizes-shrink-as-developers-try-to-boost-yield/): Rising interest rates and the proliferation of build-to-rent contributed to a decrease in the average size of U.S. apartment units in 2022 as developers chased yield after two years of pandemic-driven upticks. - [Cushman & Wakefield, Marcus & Millichap Quietly Cut Jobs Last Year As Business Slowed](https://creconsult.net/cushman-wakefield-marcus-millichap-quietly-cut-jobs-last-year-as-business-slowed/): A growing number of large brokerage firms have implemented cost-cutting measures following a steep decline in transactions and capital market activity in the latter half of 2022. - [New study shows people would rather rent proven by the rise of the millionaire renter](https://creconsult.net/new-study-shows-people-would-rather-rent-proven-by-the-rise-of-the-millionaire-renter/): It’s been reported that people are being priced out of homeownership, forced to settle for another lease, but that’s not the case across the board. - [Apartment Owners Likely To Reap Rewards Of Housing Market Headaches](https://creconsult.net/apartment-owners-likely-to-reap-rewards-of-housing-market-headaches/): Ballooning costs in the for-sale housing market have served as an adrenaline shot for apartment demand, driving valuations up. However, ablation pummels the construction industry, and the development pipeline still can't keep up. - [Commercial Multifamily Housing Industry Guide](https://creconsult.net/commercial-multifamily-housing-industry-guide/): Multifamily assets appeal to some investors due to their liquidity — or how fast the property can be sold at market value. Additionally, multifamily properties provide a consistent income stream through tenant rent payments, and the property can often increase in value over time. - [Positive Shifts Ahead in Multifamily](https://creconsult.net/positive-shifts-ahead-in-multifamily/): Our current challenges in the industry are short-term. The fact remains that housing is significantly undersupplied at a macro level, - [Multifamily’s secret weapon against recession? Proptech](https://creconsult.net/multifamilys-secret-weapon-against-recession-proptech/): The multifamily property industry has shown this resilience through five recessions in the last forty years while also surviving a global pandemic that crippled many other sectors. What strategies are owners and operators in the multifamily industry employing today to maintain their profit margins in the face of volatile economic times? - [FPA Multifamily Buys Naperville Apartments](https://creconsult.net/fpa-multifamily-buys-naperville-apartments/): One of the biggest suburban apartment landlords in the U.S. and one of the most active dealmakers in the Chicago area spent nearly $23 million to acquire a vintage Naperville asset - [Is Commercial Real Estate Really In A Recession? Kind Of Economists Say](https://creconsult.net/is-commercial-real-estate-really-in-a-recession-kind-of-economists-say/): Whether there is a recession in commercial real estate — or whether one is coming for the U.S. economy — depends on where you're standing. - [Multifamily Rent Growth Ends 5-Month Streak Of Declines](https://creconsult.net/multifamily-rent-growth-ends-5-month-streak-of-declines/): Nationwide multifamily rents in January rose from the prior month for the first time since August 2022, growing by 0.4% nationally, new data shows. - [Renovation nation: Why multifamily rehabs can resist economic turmoil](https://creconsult.net/renovation-nation-why-multifamily-rehabs-can-resist-economic-turmoil/): The Apartment.com report forecasts 2023 will see the highest new supply totals since the 1980s as underway projects catch up to market conditions. However, the majority of these will be luxury units. This fact, combined with higher interest rates pricing, would-be buyers out of homeownership, and an eventual tapering off of new construction starts, means that demand for many renters is not going away. - [A macro perspective of CRE finance](https://creconsult.net/a-macro-perspective-of-cre-finance/): Finance is a hot topic industry-wide, and while much of the concern concerns volatile economic factors, it’s more so the lack of clarity surrounding them. Everyone has different opinions regarding what might or might not happen, but it’s essential to look at the macro picture to find a solution. - [Residents Continue To Flock To Suburban Townhomes Including Recent DMG Acquisition Alice Mae Court in Orland Park](https://creconsult.net/residents-continue-to-flock-to-suburban-townhomes-including-recent-dmg-acquisition-alice-mae-court-in-orland-park/): DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG), completed the acquisition of Alice Mae Court, a multifamily townhome portfolio in Orland Park, Illinois, for $5.36 million. - [Madary’s JVM Buys Another Suburban Apartment Complex](https://creconsult.net/madarys-jvm-buys-another-suburban-apartment-complex/): On the heels of buying a large Romeoville apartment complex, an Oak Brook-based multifamily developer has bought another similar property in another nearby suburb. JVM Realty bought the 149-unit Courthouse Square apartment complex at 250 South Naperville Road in Wheaton for an undisclosed amount - [2023 Executive Preview | National Apartment Association](https://creconsult.net/2023-executive-preview-national-apartment-association/): There have been many challenges during the past three years, but depending on who’s asked, each hindrance can differ—as can each solution. Several overarching issues facing the rental housing industry are well-documented, such as staffing shortages, interest rate increases, and inflation. - [Naperville Set To Approve Affordable Housing Incentives](https://creconsult.net/naperville-set-to-approve-affordable-housing-incentives/): The Naperville City Council last week passed an ordinance that would create a program that could coax developers into incorporating affordable units in residential developments - [What is Tenancy in Common in Commercial Real Estate?](https://creconsult.net/what-is-tenancy-in-common-in-commercial-real-estate/): Tenancy in common (TIC) is a real estate transaction in which there is more than one owner of a specific property. - [Bridging The Bid-Ask Divide: Brokers On Getting Past Who's Going To Blink First](https://creconsult.net/bridging-the-bid-ask-divide-brokers-on-getting-past-whos-going-to-blink-first/): >As rising interest rates and economic volatility have stifled buying power for investors over the last six months, commercial real estate sellers often have found themselves somewhat of a standoff with potential purchasers. - [How to Diversify Your Investments With Commercial Real Estate](https://creconsult.net/how-to-diversify-your-investments-with-commercial-real-estate/): Diversifying your investments is always a good idea. And in an economic moment like the present, it's a borderline necessity when the market looks to be approaching a volatile period. - [How to Find and Finance Your Next Multifamily Property](https://creconsult.net/how-to-find-and-finance-your-next-multifamily-property/): Finding your next multifamily investment can be challenging, especially in today’s market environment. Cap rates are at record lows, and interest rates are rising - [What is Owner Financing for Commercial Property?](https://creconsult.net/what-is-owner-financing-for-commercial-property/): Owner financing for commercial properties gives buyers and sellers more control over the transaction and enormous profits by cutting out the traditional commercial lender as a middleman. - [Everything to Know About a 1031 Exchange](https://creconsult.net/everything-to-know-about-a-1031-exchange/): Real estate investors commonly use IRS Code Section 103 to exchange properties, thus transferring and deferring tax payments. Pending changes to the IRS tax code could impede attempts to defer capital gains taxes through Section 103. - [The Basics of a Commercial Building Sale](https://creconsult.net/the-basics-of-a-commercial-building-sale/): Sophisticated commercial real estate investors always have an exit strategy to help maximize profits by selling when the time is right. There are three main exit strategies to consider when selling commercial real estate: - [The Basics of Commercial Real Estate Property Types](https://creconsult.net/the-basics-of-commercial-real-estate-property-types/): Commercial real estate is the US's third most valuable asset class, right behind stocks and bonds. With an estimated market value of about $17 trillion, it’s understandable why many investors are adding commercial real estate to their investment portfolios. Let’s take a quick look at commercial real estate basics, including commercial real estate types and asset classes, and the best - [The Most Common Types of Commercial Real Estate Loans](https://creconsult.net/the-most-common-types-of-commercial-real-estate-loans/): Investing in commercial real estate property can be a rewarding and enjoyable experience when you are adequately prepared. Before you get involved with purchasing any property, you need to figure out how you will pay for your investment. - [Commercial vs Residential Real Estate: Which is Better?](https://creconsult.net/commercial-vs-residential-real-estate-which-is-better/): When evaluating investment opportunities, it is important to understand the difference between commercial and residential real estate. They are both vastly different beasts with their own unique sets of pros and cons. - [Top 6 Tips for Selling Commercial Real Estate](https://creconsult.net/top-6-tips-for-selling-commercial-real-estate/): Selling commercial real estate has always been a complex process due to the multiple steps in the sales process and the uniqueness of each transaction. Despite new transaction trends which have accelerated post-pandemic, the fundamentals of selling commercial real estate remain the same. - [What Is Cost Segregation and How It Benefits Buyers](https://creconsult.net/what-is-cost-segregation-and-how-it-benefits-buyers/): Advanced investors know that to really unlock the power of depreciation, you have to use cost segregation. Effective, expert cost segregation can help you enhance and increase the amount of depreciation you can claim — sometimes multiplying it by up to a factor of 10x in a single year. - [How to Find a Commercial Real Estate Buyer](https://creconsult.net/how-to-find-a-commercial-real-estate-buyer/): You have a great piece of commercial real estate that you’re looking to sell, but you need to know how to find the right buyer. There are many ways to find a commercial real estate buyer. - [Everything to Know: Commercial Real Estate Investing](https://creconsult.net/everything-to-know-commercial-real-estate-investing/): If you’re considering adding commercial real estate to your investment portfolio, look no further – this is the article for you. - [What Is a Capitalization Rate and How Does It Work?](https://creconsult.net/what-is-a-capitalization-rate-and-how-does-it-work/): Investors use cap rates (short for capitalization rates) to gauge the quality of an investment. But what is a cap rate, how is it used, and how is it calculated? - [10 Tips For Selling Commercial Real Estate](https://creconsult.net/10-tips-for-selling-commercial-real-estate/): Unless you have potential buyers lined up, you should contact a commercial real estate broker to help sell your property quickly and correctly. A great commercial real estate broker can provide you with a list of active qualified buyers; tell the broker if you want to sell fast. - [Why You Should Hire a Commercial Broker](https://creconsult.net/why-you-should-hire-a-commercial-broker/): A commercial real estate broker works with property owners and tenants to buy, sell, and lease real estate for commercial use. Compared to buying a home, where a lot of emotion is involved, a commercial agent understands that investment real estate is mainly a numbers game. - [2023 Demand for Apartment Buildings Will Remain Strong](https://creconsult.net/2023-demand-for-apartment-buildings-will-remain-strong/): Demand for apartment buildings will remain strong, considering many buyers have already been priced out of the market. Due to rapidly rising mortgage rates, buyers need to earn more than $100,000 to afford to buy the median-priced home. However, only 15% of the renters earn that income. - [2022 Commercial Real Estate Top Performers and 2023 Outlook](https://creconsult.net/2022-commercial-real-estate-top-performers-and-2023-outlook/): The year is still young. Inflation, interest rates, supply chain, and geopolitical events are the main factors determining how commercial real estate will perform in the following months. - [Commercial Rate Snapshot January 16 2023](https://creconsult.net/commercial-rate-snapshot-january-16-2023/): These are the average available rates from eXp Commercial's Capital Partner CommLoan database of 700+ commercial lenders as of 1/16/2023 and are provided for comparison purposes only. Actual rates are dependent on property and sponsor. - [Earn MiCP Designation (Masters in Commercial Property) with eXp Realty](https://creconsult.net/earn-micp-designation-masters-in-commercial-property-with-exp-realty/): Are you a Realtor interested in joining, but would like to do both Residential and Commercial transactions? Now you can! Earn a MiCP Designation (Masters in Commercial Property) with eXp Realty to gain the knowledge and certification to promote your knowledge to your clients. - [How to Implement a RUBS Program at Multifamily Properties](https://creconsult.net/how-to-implement-a-rubs-program-at-multifamily-properties/): Utility costs represent a major expense for landlords. This is especially true at multifamily apartment buildings where base rent often includes utility costs. When landlords must incur these costs, the cash flow impacts can be substantial. In this article, we will look at what’s known as RUBS -or a ratio utility billing system. Implementing a RUBS program is a common way owners pass utility costs on to their renters. - [Chicago apartment rents cooling off? Compared to previous years, according to a new report by Apartment List](https://creconsult.net/chicago-apartment-rents-cooling-off-compared-to-previous-years-according-to-a-new-report-by-apartment-list/): Multifamily rents cooling off at last? Compared to previous years, according to a new report by Apartment List. While prices remain up 5.5% year-over-year, they fall behind the Illinois average of 6.6% and outpace the U.S. average of 4%. - [How to Increase the Net Operating Income (NOI) of a Multifamily Property](https://creconsult.net/how-to-increase-the-net-operating-income-noi-of-a-multifamily-property/): As you may know, increasing the Net Operating Income (NOI) of any commercial property will not only increase your cash flow but also increase the value of your property since the value is determined primarily through NOI and Capitalization Rates (quick refresher on how to calculate the value of the commercial property). - [10 Ways to Improve NOI at Multifamily Apartment Buildings](https://creconsult.net/10-ways-to-improve-noi-at-multifamily-apartment-buildings/): Savvy real estate investors are always looking for ways to increase the returns associated with multifamily investors. This is true whether someone has owned the property for decades. Or whether they are looking to acquire an asset and need to justify the purchase price. There are many value-add strategies investors can consider. - [Smaller Banks Are Stepping Into The CRE Lending Void](https://creconsult.net/smaller-banks-are-stepping-into-the-cre-lending-void/): Regional and community banks have grabbed a larger market share of commercial real estate loans as banking giants like JPMorgan Chase, Bank of America and Wells Fargo have retreated from the market. - [4 Multifamily Trends We're Watching into 2023](https://creconsult.net/4-multifamily-trends-were-watching-into-2023/): Everyone has eyes on the multifamily market activity as we move into the new year. Here’s a list of the four biggest multifamily trends we’re watching in 2022 and 2023. - [Commercial Real Estate Cost Segregation 2022 Tax Deadlines](https://creconsult.net/commercial-real-estate-cost-segregation-2022-tax-deadlines/): Deadlines are approaching for those wishing to complete a Cost Segregation Study for their Commercial Real Estate and benefit from these tax benefits. - [Gross Rent Multiplier: What is it and How is it Calculated](https://creconsult.net/gross-rent-multiplier-what-is-it-and-how-is-it-calculated/): Determining which rental property is worth your investment requires carefully looking at various bits of data. The gross rent multiplier in real estate happens to be one of the most important factors you may wish to focus on – and the good news is there are many such metrics you can use to get a good idea of the value of any property. - [Blackstone’s Suburban Chicago Apartments Selloff Swells To $247M](https://creconsult.net/blackstones-suburban-chicago-apartments-selloff-swells-to-247m/): Multifamily values have been rising in suburban Chicago, which netted BREIT more money for the properties than they had previously sold for. - [2023 eXp Commercial Commercial Real Estate Symposium](https://creconsult.net/2023-exp-commercial-commercial-real-estate-symposium/): Date: April 25-26, 2023 Time: 9 a.m. - 4 p.m. CST The Commercial Real Estate Symposium will provide junior and senior agents and brokers with valuable insights on international opportunities, capital and funding for small businesses in today’s market, how to attract investors, and much more. - [FREE Comprehensive Intro to Commercial Real Estate Course](https://creconsult.net/free-comprehensive-intro-to-commercial-real-estate-course/): Date: Jan. 10, 2023 Time: 9 a.m. - 10a.m.CST Join us via Zoom for our Comprehensive Intro to Commercial Real Estate event on Jan. 10! Professionals from every sector of the industry will share their knowledge as we explore the fundamentals of commercial real estate. - [Off-Market Multifamily Sellers Are Leaving A Ton Of Money On The Table](https://creconsult.net/off-market-multifamily-sellers-are-leaving-a-ton-of-money-on-the-table/): Marketing a property can increase the sale price by up to 23%, which runs counter to the idea that off-market deals can achieve higher values because a buyer will be more aggressive to seal a trade. - [DMG Capital acquires multifamily portfolio in Orland Park](https://creconsult.net/dmg-capital-acquires-multifamily-portfolio-in-orland-park/): The Chicago-based Daniel Management Group (DMG) Multifamily investment affiliate completed the acquisition of Alice Mae Court, a multifamily townhome portfolio in Orland Park, Illinois, for $5.36 million. - [Inflation War Take Their Toll](https://creconsult.net/inflation-war-take-their-toll/): Multifamily housing demand remains strong. Given rising mortgage rates and home prices, people may be forced to rent for longer due to decreasing affordability. - [The Dangers of Selling Commercial Property Too Late](https://creconsult.net/the-dangers-of-selling-commercial-property-too-late/): There are a number of reasons why people sell commercial property too late including Complacency, Ownership and Identity, Loss Aversion and Self Reliance Time Traps - [Midwest home to most competitive rental markets in U.S. for 2022](https://creconsult.net/midwest-home-to-most-competitive-rental-markets-in-u-s-for-2022/): Suburban Chicago ended the year as the country’s 18th most competitive rental market, according to RentCafe. Nearly 70% of renters here decided to stay put and renew their leases, further driving competition—close to 17 renters applied for each available unit, a number well-above the national average. - [2023 State of The Commercial Real Estate Industry](https://creconsult.net/2023-state-of-the-commercial-real-estate-industry/): Date: January 17, 2023 Time: 11 a.m. - 1 p.m CST Join eXp Commercial President James Huang and Economist KC Conway on January 17 for a fireside chat as they discuss the state of the 2023 economy and how you can prepare your business for success in the changing market. - [Show Don't Tell - Using Data to Drive NOI](https://creconsult.net/show-dont-tell-using-data-to-drive-noi/): Real-time data helps multifamily leaders make better decisions, faster; ultimately being the key to driving NOI. - [How to Upgrade Your Property but not Over Improve it](https://creconsult.net/how-to-upgrade-your-property-but-not-over-improve-it/): A few key practices and thought processes to maximize the return on your property upgrades and to help you select the improvements that will become a profit center and not just a cost. - [What is the Full Property Life Cycle?](https://creconsult.net/what-is-the-full-property-life-cycle/): By taking a holistic approach and empowering teams with comprehensive solutions that account for asset needs throughout the property life cycle, management companies can establish an operational advantage across their portfolios that will benefit them for years to come. - [The Future of Multifamily is Now](https://creconsult.net/the-future-of-multifamily-is-now/): Here are three fascinating current trends in multifamily housing that are dramatically changing the rental market - [Maintaining Your MultiFamily Real Estate Investments Property Checklist](https://creconsult.net/maintaining-your-multi-family-real-estate-investments-property-checklist/): Maintenance is as critical to your investment as any other component as staying ahead of issues can save you money, time and potential headaches. - [Why I Want to Know More About ESG in Multifamily](https://creconsult.net/why-i-want-to-know-more-about-esg-in-multifamily/): Based on the 20 conversations with senior executives, it seemed that ESG was becoming a driver in many decisions, including technology implementations. - [Mid-Priced Apartment Demand Soars Amid Economic Uptick](https://creconsult.net/mid-priced-apartment-demand-soars-amid-economic-uptick/): In 2023, the U.S. multifamily market has seen a significant upswing in renter demand, especially for mid-priced apartments rated three stars. This shift marks a recovery from a sluggish performance in the latter half of 2022. - [The New Era of Rental Prices](https://creconsult.net/the-new-era-of-rental-prices/): For renters who've felt the sting of rapidly increasing costs, there's a sigh of relief on the horizon. The rapid inflation of rent prices, which has been a pressing concern for many in recent years, is showing signs of stabilization. - [Billions Flow to Student Housing as Rents Soar](https://creconsult.net/billions-flow-to-student-housing-as-rents-soar/): Investors are flocking to student housing as its rent growth outpaces traditional multifamily properties, lured by its resilience during economic downturns and higher-than-average returns. - [U.S. Apartment Rents See First Yearly Drop Since Early 2021](https://creconsult.net/u-s-apartment-rents-see-first-yearly-drop-since-early-2021/): More than half of the country's 100 largest cities report decreasing rents. Significant drops are seen in "zoom towns" like Arizona, Nevada, Idaho, with Oakland, California, noting an 8.7% decline. Meanwhile, Midwest and New England cities, such as Chicago and Boston, show modest recent rent growth compared to prior years. - [Why Rents in U.S. Suburbs Aren't Falling as Fast as Cities](https://creconsult.net/why-rents-in-u-s-suburbs-arent-falling-as-fast-as-cities/): For years, renting in the suburbs meant shelling out less than city rents. However, recent data indicates that this traditional disparity is lessening, leading many to wonder why. - [Five Key CRE Investment Themes for Uncertain Times](https://creconsult.net/five-key-cre-investment-themes-for-uncertain-times/): The CRE industry is navigating challenging waters with higher interest rates, limited financing options, and a slowing economy. Yet, promising developments ("green shoots") suggest potential growth opportunities. - [The World’s Mega-Rich Are Betting Big on American Renters](https://creconsult.net/the-worlds-mega-rich-are-betting-big-on-american-renters/): A rising number of the super-rich are placing their bets on the US rental market as falling prices in the apartment sector make it increasingly attractive. - [Is Preferred Equity Multifamily's Savior?](https://creconsult.net/is-preferred-equity-multifamilys-savior/): Capital scarcity in multifamily is leading developers and operators to explore alternative funding, with preferred equity gaining popularity due to its higher-than-average returns. - [What the Construction Lull Means for the Apartment Sector](https://creconsult.net/what-the-construction-lull-means-for-the-apartment-sector/): This year sees a marked decline in new apartment construction, attributed to elevated interest rates, reduced rents, and overbuilding worries in select regions. - [Multifamily's Complicated Supply Issue](https://creconsult.net/multifamilys-complicated-supply-issue/): The multifamily sector faces a complex supply challenge, with abundant ongoing development and varied implications across different locations and property types. - [A Look at Metro Cities Leading and Lagging in Apartment Rental Growth](https://creconsult.net/a-look-at-metro-cities-leading-and-lagging-in-apartment-rental-growth/): National supply-demand imbalances in multifamily housing affect pricing, leading to varied rent changes in different metro areas over the year. - [Signals Emerge It's Prime Time to Invest in Multifamily](https://creconsult.net/signals-emerge-its-prime-time-to-invest-in-multifamily/): With strong fundamentals, new construction starts, and a sizable amount of capital on the sidelines, the multifamily sector is attracting the attention of eager investors. - [Commercial Real Estate Prices to Remain Low for the Foreseeable Future](https://creconsult.net/commercial-real-estate-prices-to-remain-low-for-the-foreseeable-future/): The multifamily sector deviates from these patterns. Due to its short lease structures, this sector is more responsive to economic changes. In the last downturn, transaction volume slowdown and price declines in multifamily occurred simultaneously, with prices stabilizing much faster than in other sectors. - [5 Key Trends Shaping the Rental Housing Market in 2024](https://creconsult.net/5-key-trends-shaping-the-rental-housing-market-in-2024/): As 2024 nears, the rental housing market grapples with challenges and opportunities in a fluctuating economic landscape, shaped by inflation and rising costs. Here are 5 key trends expected to influence the sector in the coming year. - [Mastering the Art of Expensing & Accelerating Depreciation Course](https://creconsult.net/mastering-the-art-of-expensing-accelerating-depreciation-course/): Join eXp Commercial's Cost Segregation Partner CSSI for a comprehensive exploration of the intricate world of cost segregation and gain valuable insights to demystify the application of Tangible Property Regulations, resulting in significant reductions in your taxable income. - [15 Tips for Transforming Old Buildings Into Profitable Investments](https://creconsult.net/15-tips-for-transforming-old-buildings-into-profitable-investments/): Although some investors prefer finding new construction, there are many benefits to investing in older buildings. - [Why New Buyers Start with Multifamily Investments](https://creconsult.net/why-new-buyers-start-with-multifamily-investments/): Multifamily real estate can benefit first-time and experienced commercial real estate investors. Scaling up a real estate portfolio is much simpler with multifamily buildings thanks to their multiple units or “doors.” - [Maximizing Your Multifamily Property's Sale Potential: A Comprehensive Preparation Guide](https://creconsult.net/maximizing-your-multifamily-propertys-sale-potential-a-comprehensive-preparation-guide/): Navigating the multifamily property sales landscape can be a complex endeavor, requiring careful planning, strategic execution, and expert guidance. To ensure a seamless and profitable sale, thorough preparation is essential. This comprehensive guide outlines the key steps involved in preparing your multifamily property for sale, empowering you to achieve its full market value. - [eXp World Holdings Named to 2023 Deloitte Technology Fast 500™](https://creconsult.net/exp-world-holdings-named-to-2023-deloitte-technology-fast-500/): eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises, today announced it ranked No. 350 on the Deloitte Technology Fast 500™, citing its 369% revenue growth over last year. - [NAR Chief Economist Says Commercial Real Estate Will Revitalize, Calls on Federal Reserve to Consider Cutting Interest Rates](https://creconsult.net/nar-chief-economist-says-commercial-real-estate-will-revitalize-calls-on-federal-reserve-to-consider-cutting-interest-rates/): Commercial property rates are expected to stabilize – aside from office space – and commercial real estate will revitalize, according to NAR Chief Economist Lawrence Yun. - [Just Sold 12-Unit Multifamily Property Aurora IL](https://creconsult.net/just-sold-12-unit-multifamily-property-aurora-il/): eXp Commercial, the fastest-growing national commercial real estate brokerage firm, announced the sale of a 12-unit multifamily property located at 557-559 Ashland Ave. in Aurora, IL, for $1,395,000. The property was exclusively listed and sold by Randolph Taylor, CCIM Senior Associate and Commercial Real Estate Broker with the eXp Commercial Chicago office. Randolph can be contacted at rtaylor@creconsult.net | (630) 474-6441 - [Multifamily Sales to Pick Up Mid-2024](https://creconsult.net/multifamily-sales-to-pick-up-mid-2024/): Always the industry’s golden child, multifamily transactions are expected to pick up in mid-2024, - [eXp World Holdings Reports Q3 2023 Results](https://creconsult.net/exp-world-holdings-reports-q3-2023-results/): In a slower market environment where every transaction counts, eXp’s agents in the U.S. significantly outperformed the market during the third quarter. This outstanding performance speaks to the differentiated nature of eXp’s platform and the power of our unique, success-oriented culture. - [Bonus Depreciation – Overview & FAQs](https://creconsult.net/bonus-depreciation-overview-faqs/): The passage of the Tax Cuts and Jobs Act (TCJA) in 2017 significantly changed the rules for bonus depreciation by allowing businesses to immediately write off 100% of the cost of eligible property acquired and placed in service after September 27, 2017 - [Just Sold Net Leased Industrial Akhan Semiconductor Gurnee IL](https://creconsult.net/just-sold-net-leased-industrial-akhan-semiconductor-gurnee-il/): Just Sold: 18.504 SF Net Leased Industrial Property Akhan Semiconductor in Gurnee, IL Randolph Taylor, CCIM Senior Associate and Commercial Real Estate Broker with eXp Commercial in Chicago, exclusively listed and brokered the deal. Randolph can be contacted at rtaylor@creconsult.net or (630) 474-6441 - [Fourth Quarter Commercial Real Estate Investor Forum](https://creconsult.net/fourth-quarter-commercial-real-estate-investor-forum/): Join us tomorrow Tuesday, November 7, at the Q4 Investor Forum, presented by eXp Commercial, where we will delve into key insights to help you make the most of your investment opportunities as we approach the end of 2023. - [Steady Fundamentals, Stability Highlight Medical Office Sector](https://creconsult.net/steady-fundamentals-stability-highlight-medical-office-sector/): Medical offices were not as affected by the pandemic as other facets of the health care system." As a result, vacancy rates have remained steady - [More than Half of All Renters Are "Cost-Burdened" According to New Census Data](https://creconsult.net/more-than-half-of-all-renters-are-cost-burdened-according-to-new-census-data/): Although rent growth has cooled significantly over the past year, the national median rent is still 23 percent higher than it was just three years ago, and in some markets, the increase has been even more substantial. - [Who’s Lending in Multifamily](https://creconsult.net/whos-lending-in-multifamily/): In the five-year span from 2015 through 2019, the big lenders for multifamily were government-sponsored enterprises. In the first half of 2023, the same dynamic is again present - [Fannie Mae Launches New Workforce Housing Program](https://creconsult.net/fannie-mae-launches-new-workforce-housing-program/): Fannie Mae has launched a new financing program to support the creation and preservation of workforce housing for middle-income renters. - [Just Sold 23-Unit Multifamily Property Morrison IL](https://creconsult.net/just-sold-23-unit-multifamily-property-morrison-il/): Just Sold: 23-Unit Multifamily Property in Morrison, IL Randolph Taylor, CCIM Senior Associate and Multifamily Investment Sales Broker with the eXp Commercial Chicago office, brokered the deal and represented both the buyer and seller. Randolph can be contacted at rtaylor@creconsult.net or (630) 474-6441 - [Housing Market Crash Not Likely To Happen Soon, Say Experts](https://creconsult.net/housing-market-crash-not-likely-to-happen-soon-say-experts/): While few economists expect a housing crash in the near future, many do think the market will cool off because current mortgage rates are making buying a home even less affordable. - [How Rising Interest Is Affecting Floating Rate Refis](https://creconsult.net/how-rising-interest-is-affecting-floating-rate-refis/): Floating rate CRE loans are a challenge when interest rates are rising, which makes sense. Unless an investor, developer, owner, or operator has planned ahead, the increasing rate tide means there is a good chance that whatever floating rate a plan has anticipated won’t be enough. - [Here's Where To Find the Nation's Strongest and Weakest Apartment Rent Growth](https://creconsult.net/heres-where-to-find-the-nations-strongest-and-weakest-apartment-rent-growth/): For the first time in more than 20 years, Chicago’s apartment rent growth is the highest among its major market peers over the course of three consecutive quarters. - [Four words that sum up the apartment search in Chicago? A real “suite” challenge](https://creconsult.net/four-words-that-sum-up-the-apartment-search-in-chicago-a-real-suite-challenge/): With less that 5% of the rentals here available and little to no apartments built recently, 67.3% of apartment dwellers in the area decided to just stay put. - [Four Types of Property Ownership and the Transfer of Title](https://creconsult.net/four-types-of-property-ownership-and-the-transfer-of-title/): There may be slight variations on exactly how each ownership type works in different estates, but below is a general overview of the different ways to hold property - [Why Real Estate Investors Need Professional Property Management](https://creconsult.net/why-real-estate-investors-need-professional-property-management/): As economic pressures grow, owners and investors increasingly look to professional property management for end-to-end solutions. - [New Listing Indian Creek Apartments 1015-1025 N Farnsworth Ave Aurora IL 60505](https://creconsult.net/new-listing-indian-creek-apartments-1015-1025-n-farnsworth-ave-aurora-il-60505/): eXp Commercial is pleased to present to market Indian Creek Apartments, a fully occupied 24-unit multifamily complex on the northeast side of Aurora, Illinois, bordering affluent Naperville, Illinois, just to the east. The property is in good condition, with considerable upside in rents with modest unit updates. All units have separately metered tenant-paid water, sewer, electricity, heat, and hot water. Also offered is an attractive low-interest assumable debt of $1.453 million at a 3.32 percent interest rate not due until December 2028. - [Looking for signs of a sales boost in the multifamily sector](https://creconsult.net/looking-for-signs-of-a-sales-boost-in-the-multifamily-sector/): In Chicago, there is a great inventory of multifamily properties. But we still have not been able to keep up with rental demand. The higher interest rates have kept some people from buying single-family homes. - [Cooling Future Deliveries Set the Stage for a Rent Growth Comeback](https://creconsult.net/institutional-property-advisors-releases-national-multifamily-construction-report/): Rent growth seems likely to regain momentum as early as spring 2024, when the normal seasonal upturn in leasing velocity should coincide with obvious signs that today’s new supply excess is temporary. Price increases should then prove robust during 2025. - [Here’s Why Deals Will Increase in Q4](https://creconsult.net/heres-why-deals-will-increase-in-q4/): There is less buyer/seller disconnect in the marketplace as the frequency of interest rate hikes and the size of those hikes have decreased - [Expenses for Apartment Owners Continue to Outpace Rents](https://creconsult.net/expenses-for-apartment-owners-continue-to-outpace-rents/): Operational costs for apartment companies grew by 8.6 percent on average year-over-year in the second quarter of 2023 - [Sale Leaseback Transaction Volume Rises 8.3%](https://creconsult.net/sale-leaseback-transaction-volume-rises-8-3/): Dollar volume of sale leaseback deals rose 8.3% to $5.1 billion in the second quarter over the first, while the transaction count remained in line with 165 versus 173 in comparing the same two quarters - [Office pain, multifamily gain: One million units built in three years, another million before 2025](https://creconsult.net/office-pain-multifamily-gain-one-million-units-built-in-three-years-another-million-before-2025/): Chicago had the 13th-highest number of new apartments completed in the last few years, adding 25,323 new apartments between 2020 and 2022. - [Multifamily demand is returning slowly leading to market stabilization](https://creconsult.net/multifamily-demand-is-returning-slowly-leading-to-market-stabilization/): Multifamily investors are learning how to navigate a new reality. The market is returning to standard seasonal patterns, thanks largely to the strong labor market and increased household formations, which is supporting positive rent growth and stabilizing occupancy rates. - [Multifamily Permits Down 32.2% From a Year Ago](https://creconsult.net/multifamily-permits-down-32-2-from-a-year-ago/): The pipeline for multifamily development has slowed due to continued challenges of higher interest rates and difficulty securing funding, and that includes filings of permits - [Commercial Real Estate Loan Modifications Quadruple, With Multifamily Leading The Way](https://creconsult.net/commercial-real-estate-loan-modifications-quadruple-with-multifamily-leading-the-way/): Modifications on commercial real estate-related collateralized loan obligations spiked in the second quarter to $4B as more property owners sought refuge from encroaching maturity dates and rising interest rates. That figure is a 300% increase from the first quarter - [Insurance prices per apartment unit rise 33% YoY](https://creconsult.net/insurance-prices-per-apartment-unit-rise-33-yoy/): Insurance now accounts for more than 8% of an owner’s quarterly per-unit operating expenses, nearly double the share from five years ago. - [23-Year High Mortgage Rates Bolstering Apartment Demand](https://creconsult.net/23-year-high-mortgage-rates-bolstering-apartment-demand/): While the nation still faces a housing shortage not set to alleviate in the near term, a thinning construction pipeline could help stabilize the multifamily sector. - [Monitoring the Cost of Homeownership vs. Cost of Renting in Your City](https://creconsult.net/monitoring-the-cost-of-homeownership-vs-cost-of-renting-in-your-city/): The battle between renting and owning is intuitive. If renting is significantly cheaper than owning a home, more of the population will gravitate towards renting. If homeownership is only moderately more costly than renting, people will be more inclined to pursue ownership. - [Diving Into CRE Debt Stats](https://creconsult.net/diving-into-cre-debt-stats/): Half of the debt outstanding in the commercial real estate world, $2.0 trillion, is to multifamily properties. There’s no crisis in multifamily whatsoever today. Period. So, when headlines say there’s a crisis in commercial real estate debt, half of that debt is in multifamily. - [Price Gap Between Rent and Home Ownership in Chicago](https://creconsult.net/price-gap-between-rent-and-home-ownership-in-chicago/): The price gap between average apartment rents and the cost of owning a home in the Chicago metro area is widening, providing landlords with leverage to push rents even higher. - [Commercial Real Estate Financing Rate Snapshot July 31st 2023](https://creconsult.net/commercial-real-estate-financing-rate-snapshot-july-31st-2023/): Average of the top competitive rates from eXp Commercial's National Capital Markets Partner CommLoan from a database of 700+ commercial lenders as of 731/23 - [Commercial Real Estate Financing Rate Snapshot July 24th 2023](https://creconsult.net/commercial-real-estate-financing-rate-snapshot-july-24th-2023/): Average of the top competitive rates from eXp Commercial's National Capital Markets Partner CommLoan from a database of 700+ commercial lenders as of 7/24/23 - [Multifamily Dealmakers Report More Activity](https://creconsult.net/multifamily-dealmakers-report-more-activity/): A number of market participants agree that multifamily sales activity is on the upswing despite the current low transaction numbers. - [Capital Expense vs. Operating Expense in Real Estate](https://creconsult.net/capital-expense-vs-operating-expense-in-real-estate/): Running a commercial real estate asset on a day-to-day basis can be expensive. As such, it is important for operators to manage costs relative to rental income to ensure that the given property is profitable. From a management standpoint, costs can be grouped into two buckets: Operating Expenses (or “OpEx”) and Capital Expenses (or “CapEx”). While they are both categories of expenses, there are material differences between capital expenses and operating expenses. - [Good Time for Investors to Unload](https://creconsult.net/good-time-for-investors-to-unload/): Real estate investors have done well. Rents have risen and home price appreciation has been quite exceptional. In the past three years, the typical rental rate and typical home price have soared by 16.4% and 35.5%, respectively. Over the past five years, those figures are 24.9% and 50.8%. These returns were occurring at a time of low-cost financing. - [Types of Commercial Real Estate](https://creconsult.net/types-of-commercial-real-estate/): Commercial real estate can be broken down into several different categories. At a high level, when people think of different types of commercial real estate, they typically think about shopping centers, office buildings, or warehouses. But the commercial real estate industry is much more precise when it comes to defining property types. Below is a list of different types of commercial real estate with a description of how each category is typically defined. - [How to Value Commercial Property](https://creconsult.net/how-to-value-commercial-property/): Valuing commercial property is an important step in every commercial real estate transaction. This post will demystify the commercial property valuation process and walk you through some common valuation techniques used in the commercial real estate industry. - [The Real Estate Proforma: A Beginner's Guide](https://creconsult.net/the-real-estate-proforma-a-beginners-guide/): The first task in any real estate investment decision is to build a proforma, which is just a word that means cash flow projection. In this guide, we will define the term proforma, look at an example of a simple real estate proforma, review a more complicated real estate proforma, and also discuss some nuances you may see in the real world. - [The Cap Rate: What You Should Know](https://creconsult.net/the-cap-rate-what-you-should-know/): The capitalization rate is a fundamental concept in the commercial real estate industry. Yet, it is often misunderstood and sometimes incorrectly used. This post will take a deep dive into the concept of the cap rate, and also clear up some common misconceptions. - [How a Broker Price Opinion Works](https://creconsult.net/how-a-broker-price-opinion-works/): The broker price opinion (BPO), also known as a broker opinion of value (BOV), is a popular way of estimating the value of a property. Typical reasons for ordering a broker price opinion include estimating value prior to purchase or sale, understanding collateral value when securing a new loan or refinancing, estimating liquidation value, buying out a partner’s interest in a property, among many others. In this article we’ll take a deep dive into the broker price opinion, review the three approaches to market value, and also clear up some common misconceptions about the broker price opinion. - [Net Operating Income (NOI): A Beginner's Guide](https://creconsult.net/net-operating-income-noi-a-beginners-guide/): Understanding Net Operating Income (NOI) is essential in commercial real estate. Without a firm grasp of net operating income, commonly referred to as just “NOI”, it’s impossible to fully understand investment real estate transactions. In this article, we’ll take a closer look at net operating income, discuss the components of NOI, and also clear up some common misconceptions. - [Difference Between Market Value and Investment Value in Commercial Real Estate](https://creconsult.net/difference-between-market-value-and-investment-value-in-commercial-real-estate/): Value is traditionally defined as the power of a good to command other goods or services when exchanged. Within this broad definition of value, there are various types of value given to real property, such as investment value, market value, insurable value, assessed value, liquidation value, or replacement value. In this article we’ll go over different types of real estate value, and then zero in and focus on the difference between investment value and market value, which is often confused by commercial real estate professionals. - [Apartment Investing Case Study](https://creconsult.net/apartment-investing-case-study/): In this article we are going to conduct an investment analysis on a 140 unit apartment building acquisition. We’ll walk through the process of forecasting cash flows and also explain the calculations needed to determine investment value. Read on as we take a deep dive into the world of apartment investing. - [Internal Rate of Return (IRR): What You Should Know](https://creconsult.net/internal-rate-of-return-irr-what-you-should-know/): The internal rate of return (IRR) is a widely used investment performance measure in finance, private equity, and commercial real estate. Yet, it’s also widely misunderstood. - [Time Value of Money: A Beginner's Guide](https://creconsult.net/time-value-of-money-a-beginners-guide/): Being completely comfortable with the time value of money is critical when working in the field of finance and commercial real estate. The time value of money is impossible to ignore when dealing with loans, investment analysis, capital budgeting, and many other financial decisions. It’s a fundamental building block that the entire field of finance is built upon. And yet, many finance and commercial real estate professionals still lack a solid working knowledge of time value of money concepts, and they consistently make the same common mistakes. In this article, we take a deep dive into the time value of money, discuss the intuition behind the calculations, and we’ll also clear up several misconceptions along the way. - [Understanding Replacement Reserves in Commercial Real Estate](https://creconsult.net/understanding-replacement-reserves-in-commercial-real-estate/): The topic of replacement reserves is often confusing for commercial real estate professionals. How much should be set aside for replacement reserves? Should replacement reserves be included in net operating income? How do replacement reserves impact cap rates and value? In this article, we’re going to take a closer look at reserves for replacement, clear up the confusion, and also tackle some common misconceptions. - [What is a Tenant Estoppel and How Does It Work?](https://creconsult.net/what-is-a-tenant-estoppel-and-how-does-it-work/): In commercial real estate the tenant estoppel often comes up during the due diligence phase of an acquisition or during the underwriting of a loan. What exactly is a tenant estoppel and how does it work? Let’s dive in and take a closer look at the tenant estoppel. - [Commercial Real Estate Closing Process: The Definitive Guide](https://creconsult.net/commercial-real-estate-closing-process-the-definitive-guide/): When it’s time to close on a commercial real estate transaction, the process can seem overwhelming. This definitive guide will walk you through every step in the commercial real estate closing process. You will see where the commercial process is similar to the residential process, and where things are different. - [Debt Service Coverage Ratio (DSCR): A Calculation Guide](https://creconsult.net/debt-service-coverage-ratio-dscr-a-calculation-guide/): The Debt Service Coverage Ratio, often abbreviated as “DSCR”, is an important concept in real estate finance and commercial lending. It’s critical when underwriting commercial real estate and business loans as well as tenant financials, and it is a key part in determining the maximum loan amount. In this article, we’ll take a deep dive into the debt service coverage ratio, explain what a DSCR loan is, and walk through several examples along the way. - [How to Calculate The Debt Yield Ratio](https://creconsult.net/how-to-calculate-the-debt-yield-ratio/): The debt yield is becoming an increasingly important ratio in commercial real estate lending. Traditionally, lenders have used the loan to value ratio and the debt service coverage ratio to underwrite a commercial real estate loan. Now, the debt yield is used by some lenders as an additional underwriting ratio. However, since it’s not widely used by all lenders, it’s often misunderstood. - [How to Navigate the Real Estate Eviction Process](https://creconsult.net/how-to-navigate-the-real-estate-eviction-process/): How do you feel about a criminal conviction on your record? Defending against a civil suit for intentional infliction of emotional damage? They don’t sound too bad? Well, how about a fistfight with a tenant on the front lawn of your rental property? If you’d prefer to avoid these scenarios, it might be a good idea to understand the process required to lawfully evict a tenant. While the details of the eviction process vary from state to state, the general principles discussed here are almost universal. - [How Market Leasing Assumptions Work in Commercial Real Estate](https://creconsult.net/how-market-leasing-assumptions-work-in-commercial-real-estate/): Market leasing assumptions define what happens after a tenant lease expires in a commercial property. Since it’s unknown whether the tenant will renew its lease or not, there are two sets of assumptions. One set of assumptions is used if a new tenant needs to be found. The second set of assumptions is used if an existing tenant renews its lease. Then, there is a renewal probability that creates a weighted average between these two sets of assumptions. - [Essentials of Tenancy in Common (TIC)](https://creconsult.net/essentials-of-tenancy-in-common-tic/): What is a tenancy in common (TIC)? What are its characteristics? Its advantages and disadvantages? - [The Essentials of Commercial Real Estate Sale and Purchase Agreements](https://creconsult.net/the-essentials-of-commercial-real-estate-sale-and-purchase-agreements/): A commercial real estate sales contract can be one page or one hundred pages. There are no rules, and every term, every word, is up for negotiation. Nonetheless, there are provisions that are typically included in most CRE purchase agreements, and understanding these provisions is essential for both buyer and seller to protect their interests. - [The Definitive Guide to Understanding Section 8](https://creconsult.net/the-definitive-guide-to-understanding-section-8/): Created to help low-income, elderly, and disabled households afford decent, safe and sanitary private housing, the Housing Choice Voucher Program (HCVP), commonly known as Section 8, provides a federally-funded subsidy to eligible families, paying for all or a portion of their rent and utilities costs. The Program provides not only significant benefits to these families, but also an opportunity for those landlords who chose to participate to potentially make their property more profitable. - [A Complete Guide to the Low-Income Housing Tax Credit Program](https://creconsult.net/a-complete-guide-to-the-low-income-housing-tax-credit-program/): To a developer, affordable housing means lower rents than a market-rate project, lower net operating income, and thus lower returns on their investment. Accordingly, without any outside incentive a developer has little motivation to build affordable housing. Unfortunately, the need for affordable housing is significant. - [Why Is Real Estate Market Analysis So Important?](https://creconsult.net/why-is-real-estate-market-analysis-so-important/): Many real estate investors fail to recognize the importance of the market analysis. Whether they lack the skills and knowledge to complete the market analysis or just don’t understand the benefits, market analysis is an undervalued asset in real estate investment. - [Getting Started with Real Estate Market Analysis](https://creconsult.net/getting-started-with-real-estate-market-analysis/): A detailed market analysis is key to any real estate investment decision. Even though the financial projections have far more impact in management and investment decisions, market analysis is behind each and every number in the financial statements. - [How to Analyze Supply and Demand For Apartment Buildings](https://creconsult.net/how-to-analyze-supply-and-demand-for-apartment-buildings/): One of the most important ways to use all of the data gathered in a real estate market analysis is to examine the supply and demand factors for a particular type of real estate - [How to Calculate the Cap Rate](https://creconsult.net/how-to-calculate-the-cap-rate/): The cap rate is an important concept in commercial real estate, and it is widely used. There is often confusion about how to calculate the cap rate using various methods. The purpose of this article is to demonstrate several ways to calculate the cap rate. - [How To Determine The Highest and Best Use of a Property](https://creconsult.net/how-to-determine-the-highest-and-best-use-of-a-property/): The concept of highest and best use is one of the fundamental principles that underlie real estate appraisal. Highest and best use requires that the appraisal considers not just the current use of the property but also the potential value associated with alternative uses. - [The Income Approach to Real Estate Valuation](https://creconsult.net/the-income-approach-to-real-estate-valuation/): The income approach is one of three techniques commercial real estate appraisers use to value real estate. Compared to the other two techniques (the sales comparison approach and the cost approach), the income approach is more complicated, and therefore it is often confusing for many commercial real estate professionals. In this article, we’ll walk through the income approach to property valuation step by step, including several income approach examples. - [How The Loss to Lease Calculation Works](https://creconsult.net/how-the-loss-to-lease-calculation-works/): Loss to lease is a commonly used calculation in a commercial real estate analysis. However, loss to lease can also be one of the most confusing calculations to understand, especially when you see it for the first time. In this article, we’ll take a closer look at the loss to lease calculations and walk through several examples to help you understand what it is and how it works. - [Eleven Types of Risk in Commercial Real Estate](https://creconsult.net/eleven-types-of-risk-in-commercial-real-estate/): Every investment involves a certain amount of risk. There are certain general sources of risk that influence all assets – things like geopolitical risk and global macroeconomic risk. What makes each asset unique is the level of sensitivity that its rate of return has to those risks. In addition, specific types of assets have risks that are uniquely their own. In this article, we’ll look at eleven types of risk in commercial real estate investment. - [Three Types of Commercial Real Estate Obsolescence](https://creconsult.net/three-types-of-commercial-real-estate-obsolescence/): One of the unique challenges of commercial real estate investment is that markets, types of property, return expectations, and physical environments are in a constant state of change. As a result of these changes, a commercial property could be cash flow positive one day and undesirable the next due to shifts in tenant desires or some other factor. The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of. - [What is a Rent Roll?](https://creconsult.net/what-is-a-rent-roll/): When real estate investors are evaluating a potential rental property purchase or a bank is underwriting a potential loan, one of the first documents that they will ask for is the property’s “rent roll” or “rent roll report.” In this article, the rent roll document is described in detail and its utility in the CRE due diligence process is highlighted. - [Understanding The Right of Offset](https://creconsult.net/understanding-the-right-of-offset/): It is very common for a lender to require a borrower to open a checking account as part of the transaction. Because of this, it is critical that borrowers have awareness of a lightly understood and rarely enforced, but potentially devastating clause in a typical retail bank’s deposit account agreement known as the “Right of Offset.” - [Working with Corporate Occupiers: Corporate Real Estate Services Designation (CSD)](https://creconsult.net/working-with-corporate-occupiers-corporate-real-estate-services-designation-csd/): This course teaches commercial real estate professionals how to secure and service corporate clients and provide value-added services through the field delivery/local side of the assignment. - [Weak Macro Data Can Obscure Local Opportunities](https://creconsult.net/weak-macro-data-can-obscure-local-opportunities/): Weak Macro Data Can Obscure Local Opportunities Don't overlook opportunities just because macro-level numbers suggest the market isn't performing well. Investors can and should closely evaluate the macro trends, considering population growth, job growth, household formation, income levels, and all the other major metrics. But investors also need to dig under the surface. - [3 reasons it can be smarter to rent, even if you can afford to buy](https://creconsult.net/3-reasons-it-can-be-smarter-to-rent-even-if-you-can-afford-to-buy/): For generations, Americans have thought of homeownership as a hallmark of success. But there are reasons not to buy a home, even for those who can afford to do so. - [Apartment rents in Chicago and Illinois are rising fast](https://creconsult.net/apartment-rents-in-chicago-and-illinois-are-rising-fast/): Chicago apartment dwellers are seeing some of the fastest rental price increases in the nation this spring and summer, reports a new market study. - [SBA 504 Commercial Real Estate Loans](https://creconsult.net/sba-504-commercial-real-estate-loans/): Compared to other loans, 504 loans offer savings that result in improved cash flow. The maximum loan amount is $5 million, or $5.5 million for small manufacturers or certain types of energy projects. - [Here's who qualifies for 0% capital gains taxes for 2023](https://creconsult.net/heres-who-qualifies-for-0-capital-gains-taxes-for-2023/): With higher standard deductions and income thresholds for capital gains, it's more likely you'll fall into the 0% bracket in 2023 - [What is an Estimated Net Proceeds Sheet and How is this Important to Estimate Capital Gains Tax Exposure](https://creconsult.net/what-is-an-estimated-net-proceeds-sheet-and-how-is-this-important-to-estimate-capital-gains-tax-exposure/): A seller's net proceeds sheet is a document that estimates the amount of money a seller will receive after all closing costs have been paid. The net proceeds of a sale are important to capital gains tax exposure because they determine the amount of profit that is subject to tax. - [The Complete Guide to Determining Tax Basis on Commercial Real Estate](https://creconsult.net/the-complete-guide-to-determining-tax-basis-on-commercial-real-estate/): Are you thinking of selling a commercial income property? If so, it is important to calculate the correct tax basis to avoid higher capital gains tax when the property is sold. It is also necessary to determine the tax basis before you sell since the tax basis plays a role in determining depreciation. - [Midwest spotlight: A look at multifamily performance](https://creconsult.net/midwest-spotlight-a-look-at-multifamily-performance/): The Midwest offers several advantages compared to other U.S. regions, including its diverse economy, growing population, and stable housing market. All of which makes the region an excellent place for investors looking to expand their portfolios. - [Chicago's Multifamily Sector Boasts Healthy Occupancy Rates, Strong Rent Growth](https://creconsult.net/chicagos-multifamily-sector-boasts-healthy-occupancy-rates-strong-rent-growth/): Chicago’s multifamily sector currently enjoys strong market fundamentals highlighted by healthy occupancy rates and continued rental rate growth. - [Shortage of affordable houses real estate market hits some hardest](https://creconsult.net/shortage-of-affordable-houses-real-estate-market-hits-some-hardest/): Even in a housing market that has slowed significantly due to rising mortgage rates, the supply of homes for sale is about half of what it was in 2019. - [Multifamily Property Sale Lyons IL: eXp Closes $1.45M Deal](https://creconsult.net/multifamily-property-sale-lyons-il/): Multifamily property sale Lyons IL by eXp Commercial. Randolph Taylor brokers $1.45M deal showing investor confidence in suburban real estate. - [Chicago Apartment Market 2025: Low Supply, High Demand](https://creconsult.net/chicago-multifamily-market-2025/): Chicago apartment market 2025 sees historic supply lows, rising rents, and fierce investor interest. Find out what this means for the city’s future. - [Chicago Rent Growth Surges in 2025, Ranks #2 in U.S. Market](https://creconsult.net/chicago-rent-growth-2025-costar/): Chicago rent growth hits 3.8% in 2025, ranking second in the U.S. as supply tightens. Sun Belt cities struggle amid oversupply. - [Chicago Multifamily Cap Rate Map: What Drives Investment Value](https://creconsult.net/chicago-multifamily-cap-rate-drivers/): Explore Chicago multifamily cap rate trends driven by rent risk, asset class, and location—vital insights for 2025 investors. - [Chicago Multifamily Mortgage Rates June 2025 | Market Update](https://creconsult.net/chicago-multifamily-mortgage-rates-june-2025/): Review Chicago multifamily mortgage rates for June 2025. Compare bank, agency, and CMBS loan terms to guide your investment strategy - [Chicago Multifamily Market 2025: Rents & Cap Rates](https://creconsult.net/chicago-multifamily-market-2025-update/): The Chicago multifamily market in 2025 shows 3.8% rent growth, 4.7% vacancy, and strong investor activity. Explore Aurora trends too. - [Multifamily Market Update Q3: NMHC Webinar for Chicago Owners](https://creconsult.net/multifamily-market-update-q3-nmhc/): Multifamily market update: Join NMHC's July 21 webinar for key insights into sales, financing, and tightness trends. - [Commercial Real Estate Market Trends: 2025 Industry Insights](https://creconsult.net/commercial-real-estate-market-2025/): Discover 2025 trends in the commercial real estate market: industrial growth, suburban office gains, and retail & multifamily resilience. - [Chicago rental market 2025: Why rents are soaring](https://creconsult.net/chicago-rental-market-2025/): Chicago rental market 2025 heating up—rents climbing, demand surging, and tight supply shaping the future. - [U.S. Apartment Market Rebound: Surprising Hotspots 2025](https://creconsult.net/us-apartment-market-rebound/): Discover how the U.S. apartment market rebound is playing out in 2025. The Midwest is driving dynamic new rental trends. - [Cap Rate Spreads Guide for Multifamily Sellers](https://creconsult.net/cap-rate-spreads-multifamily/): Cap rate spreads guide multifamily sellers in timing, pricing, and strategy. Learn what they mean for your Chicago property’s market value and sale. - [Commercial Real Estate Distress 2025 Trends](https://creconsult.net/commercial-real-estate-distress-2025/): Explore commercial real estate distress 2025 trends and where investors are seeing the most risk by sector. - [Chicago Multifamily Market 2025](https://creconsult.net/chicago-multifamily-market-outlook-2025/): The Chicago multifamily market 2025 shows strong demand, driven by favorable demographics, affordability gaps, and low vacancy rates. - [Chicago Multifamily Market: Q2 2025 Insights](https://creconsult.net/chicago-multifamily-market-q2-2025/): Discover expert-led Chicago multifamily market insights from the NMHC Q2 2025 webinar, including leasing trends, financing, and economic forecasts. - [1031 Exchange Multifamily: Sell, Defer Taxes, Reinvest](https://creconsult.net/1031-exchange-multifamily/): Sell your multifamily property, defer taxes with a 1031 Exchange, and reinvest in NNN or DST options for steady income. - [2025 Multifamily Market Outlook: CMBS & Investment Trends](https://creconsult.net/2025-multifamily-market-outlook/): The 2025 Multifamily Market Outlook explores CMBS & CRE CLO trends, rental market shifts, and financing insights for apartment investors. - [Chicago Multifamily Podcast: Your Guide to Property Value](https://creconsult.net/chicago-multifamily-podcast/): The Chicago Multifamily Podcast helps property owners maximize NOI, boost value, and navigate Chicago’s market. - [Chicago Multifamily Mortgage Rates: January 2025 Update](https://creconsult.net/january-2025-chicago-multifamily-mortgage-rates/): Discover January 2025 Chicago multifamily mortgage rates, trends, and insights to optimize your investment strategy in today’s market. - [Chicago Multifamily Investments: 2025 Insights and Strategies](https://creconsult.net/navigating-the-2025-multifamily-investment-landscape-insights-for-chicago-owners/): Explore multifamily investments in Chicago for 2025. Learn about rising rents, stable interest rates, and market strategies for success. - [Chicago Multifamily Market: Trends and 2025 Projections](https://creconsult.net/chicago-multi-family-market-trends/): Explore trends in the Chicago multfamily market, including rents, vacancy rates, and investment projections for 2025. - [Trump’s Economic Policies: Impacts on Multifamily Investors](https://creconsult.net/trumps-economic-policies-impacts/): Trump’s economic policies, including tariffs and immigration, impact multifamily property investments in Chicago. Learn how to adapt. - [Navigating the Multifamily Market: Insights and Predictions for 2025](https://creconsult.net/navigating-the-multifamily-market-insights-and-predictions-for-2025/): The multifamily market is poised for a shift in 2025 with declining new supplies and potential rent growth, particularly favoring mid-priced properties while luxury segments grapple with overexposure. - [Elevate Your Multifamily Property Value: Strategic Upgrades That Matter](https://creconsult.net/elevate-your-multifamily-property-value-strategic-upgrades-that-matter/): Modernizing your multifamily property isn’t just good for tenants; it's a smart investment strategy. Learn how to enhance property value through strategic upgrades and request a free valuation analysis today! - [Maximizing NOI Through Multifamily Operational Enhancements: A Comprehensive Guide](https://creconsult.net/maximizing-noi-through-multifamily-operational-enhancements-a-comprehensive-guide/): This post outlines several operational enhancements that multifamily properties can implement to maximize their Net Operating Income (NOI) including tenant engagement, cost-effective management, and facility upgrades. - [December 2024 Multifamily Mortgage Rate Update: Insights from Top Chicago Multifamily Experts](https://creconsult.net/december-2024-multifamily-mortgage-rate-update-insights-from-top-chicago-multifamily-experts/): Explore the latest multifamily mortgage rates with insights from top Chicago multifamily experts and learn how a Chicago multifamily investment broker can help maximize your property’s value. - [Kane County Multifamily Market Report – Q3 2024: Key Trends in Commercial Real Estate Brokerage](https://creconsult.net/kane-county-multifamily-market-report-q3-2024-key-trends-in-commercial-real-estate-brokerage/): Discover the latest rents, vacancy rates, and investment opportunities in Kane County's multifamily market for Q3 2024. Stay ahead with actionable insights. - [Navigating the Evolving Landscape of Commercial Real Estate in 2024](https://creconsult.net/navigating-the-evolving-landscape-of-commercial-real-estate-in-2024/): In a world where economic factors can swing like a pendulum, understanding the commercial real estate market has never been more critical. Imagine a bustling cityscape, where each office, retail space, and industrial complex holds untold stories of successes and setbacks. As we dive into the third-quarter performance for 2024, we uncover insights that could shape investment decisions and business strategies alike. Join us in exploring how shifting interest rates and evolving consumer behaviors present both challenges and opportunities. Current Economic Climate and Its Effects on CRE Understanding Q3 GDP Growth The landscape of the U.S. economy is continuously evolving.Read more - [Unlocking the Potential of Industrial Real Estate: 1150 McConnell Road](https://creconsult.net/unlocking-the-potential-of-industrial-real-estate-1150-mcconnell-road/): 1150McConnell Road is a prime 73,245 sq ft industrial facility in Woodstock, IL, featuring modern office space, extensive loading capabilities, and excellent access to major highways, making it perfect for various industrial operations. - [Multifamily Mortgage Rates Chicago | October 2024 Update](https://creconsult.net/2024-multifamily-mortgage-rates-chicago-listing/): Explore October 2024 multifamily mortgage rates in Chicago and how they impact property sales and listing strategies for investors. - [Aurora Naperville Multifamily Market Q3 2024 Trends](https://creconsult.net/aurora-naperville-multifamily-market-q3-2024/): Aurora Naperville multifamily market Q3 2024 report: rent trends, vacancy rates, and investments. Download the full report now! - [eXp Commercial Hobart Indiana Auction Sale](https://creconsult.net/exp-commercial-hobart-indiana-auction/): eXp Commercial completes Hobart Indiana auction sale for Chicago client, showcasing national service for multifamily properties - [Exclusive Golf Sumac Medical Offices Sale | eXp Commercial](https://creconsult.net/exclusive-golf-sumac-sale-exp-commercial/): Golf Sumac Medical Offices sale closed for $3.2M by eXp Commercial Chicago. Maximize your property value with our expert services. - [1150 McConnell Rd Industrial Property Woodstock IL for Sale – $3,950,000](https://creconsult.net/1150-mcconnell-rd-industrial-property-woodstock-il/): 1150 McConnell Rd industrial property in Woodstock, IL. Reduced to $3,950,000. Ideal for manufacturing and investment. - [Multifamily Mortgage Rates – September 2024 Update](https://creconsult.net/multifamily-mortgage-rates-september-2024/): Staying informed on multifamily mortgage rates is essential for real estate investors. As of September 2024, rates have notably adjusted: Bank Rates for 5-year terms decreased to 6.80%, Agency Rates fell to 5.12%, Agency SBL Rates rose to 5.89%, and CMBS Rates dropped to 6.62%. These changes may impact financing strategies. - [Chicago Multifamily Market Q2 2024: Key Insights for Property Owners](https://creconsult.net/chicago-multifamily-market-q2-2024/): Explore key trends in the Q2 2024 Chicago multifamily market, including rent growth, vacancy rates, and investment activity. Essential insights for property owners. - [Essential Insights for Chicago Multifamily Investors: Q2 2024 CRE Webinar](https://creconsult.net/q2-2024-cre-webinar-chicago-multifamily/): Join the Q2 2024 CRE webinar by Moody’s and eXp Commercial. Discover trends impacting Chicago multifamily investments. Register now! - [Optimize Multifamily Property Value for Top Market Price](https://creconsult.net/optimize-multifamily-property-value/): Maximize your multifamily property's value with proven optimization strategies for a top market price when selling. - [The multifamily real estate market sees increased Engagement](https://creconsult.net/multifamily-real-estate-market-increased-buyer-engagement/): Renewed vigor in multifamily real estate as transaction volumes rise, fueled by financing opportunities and institutional investments. - [Chicago's Booming Multifamily Market Drives Up Rents](https://creconsult.net/chicago-renters-housing-crisis-multifamily-market-soars/): Chicago's multifamily market booms with rising rents & low vacancies. Learn how to profit as a multifamily property owner. - [Selling Multifamily Property: Guide with eXp Commercial](https://creconsult.net/selling-multifamily-property-guide-with-exp-commercial/): Learn the process of selling your multifamily property with eXp Commercial. Maximize value and create a competitive bidding environment with Randolph Taylor. - [Midwest Multifamily Market Booming: Is Now the Right Time to Sell?](https://creconsult.net/midwest-multifamily-market-booming-sell-property/): Capitalize on the thriving Midwest multifamily market. Cleveland, Cincinnati, Columbus, and Chicago are leading in rent growth. Discover if selling your multifamily asset is a smart move. Contact eXp Commercial for expert guidance. - [Multifamily Market Stabilization: Rent Growth and Vacancy Rates Improve](https://creconsult.net/multifamily-market-stabilization-2024/): Discover multifamily market stabilization trends, including rising demand, stable vacancy rates, and rent growth potential in 2024. - [Multifamily Absorption Posts Strongest Quarter Since 2000](https://creconsult.net/multifamily-housing-demand-record-absorption/): Demand for multifamily units is booming with record absorption rates in 2Q2024, Cushman & Wakefield reports. - [Annual Multifamily Rent Growth Remains Steady at 1%](https://creconsult.net/annual-multifamily-rent-growth-2024/): U.S. multifamily market reports 1% rent growth as supply-demand gap narrows, Midwest and Northeast outperform - [Strong Multifamily Demand Persists Despite Rising Costs](https://creconsult.net/multifamily-demand-strong-rising-costs/): While multifamily operators face cost increases, consistent demand keeps absorption healthy in most markets. Learn why selling your property now might be a smart move. - [College Town Markets: Resilient and Stable Amid Economic Shifts](https://creconsult.net/college-town-market-analysis/): Discover why college town apartment markets are more stable and resilient than national trends. FOR SALE: FULLY OCCUPIED 24-UNIT DeKalb, IL, Northern Illinois University: https://creconsult.net/dekalb-il-multifamily-property-sale-924-greenbrier/ - [Growth in Build-to-Rent Single-Family Homes Market](https://creconsult.net/build-to-rent-single-family-homes-growth/): New data shows a sharp rise in build-to-rent single-family home construction, addressing housing affordability and investment diversification. Development Land For Sale: 77 Acres Golf Course Community https://creconsult.net/fairway-lakes-estates-development-opportunity/ 17 Acres Lakefront Community: https://creconsult.net/prime-development-opportunity-northwest-hobart-in/ - [Sale of Indian Creek Apartments in Aurora, IL by eXp Commercial](https://creconsult.net/sale-indian-creek-apartments-aurora-il/): eXp Commercial announces sale of fully occupied Indian Creek Apartments in Aurora, IL, a 24-unit multifamily property. - [US Apartment Market Q1 2024: Supply Outpaces High Demand](https://creconsult.net/us-apartment-market-q1-2024-demand-supply/): Despite a 20% rise in apartment demand in Q1 2024, heavy supply restricts rent growth and occupancy across the US - [High Rates Challenge Commercial Property Strategy](https://creconsult.net/high-interest-rates-commercial-property-challenges/): Persistent high interest rates reshape commercial property strategies, impacting owners and lenders alike amid market shifts. - [Multifamily Market 2024: Trends and Predictions for Stability](https://creconsult.net/multifamily-market-2024-stabilization-trends/): Discover the early 2024 signs of stabilization in the multifamily market. Explore key trends, supply and demand insights, and expert predictions. - [Multifamily Investment Outlook 2024: Will Lower Rates Revive the Market?](https://creconsult.net/seo-optimized-slug-multifamily-investment-outlook-2024/): Explore the multifamily investment outlook for 2024 as experts weigh in on the potential impact of lower interest rates, slowing rent growth, and the lingering effects of 2023's slowdown. - [U.S. Economy & Housing Update: Growth, Inflation, and Mortgage Trends 2024](https://creconsult.net/us-economy-housing-mortgage-update-2024/): Explore the latest insights on the U.S. economy's robust growth, inflation trends, and the impact on mortgage rates and housing market in 2024. - [Largest Apartment Deals 2023: Insightful Market Analysis](https://creconsult.net/largest-apartment-transactions-2023/): Explore the largest apartment deals of 2023 with our comprehensive market analysis. Dive into key sales, trends, and their impact on the commercial real estate landscape across the US, reflecting on investment shifts and opportunities. - [Understanding Loan-to-Value Ratio (LTV) in Commercial Real Estate](https://creconsult.net/loan-to-value-ratio-commercial-real-estate/): Discover the significance of the LTV ratio in commercial real estate, including how to calculate it and its role in financing and property analysis. - [NAR's $418M Settlement's Real Estate Commission Impact](https://creconsult.net/nar-antitrust-settlement-impact/): NAR's $418M settlement reshapes real estate commissions, affecting residential and commercial sectors differently. - [2024 US Rental Trends: Luxury Drops, Average Rents Rise](https://creconsult.net/2024-rental-market-trends/): Explore the 2024 split in the US rental market: luxury rents fall as average rents continue to rise, affecting renters nationwide. - [2023 Cap Rate Survey](https://creconsult.net/h2-2023-cap-rate-survey-real-estate-investment-trends/): CBRE's H2 2023 Cap Rate Survey for the latest on real estate investment trends, cap rates, and market expectations. - [CRE Investment Insights for 2024 Amidst Economic Shifts](https://creconsult.net/cre-investment-strategies-2024/): CRE investment insights for 2024 amidst economic shifts. Discover key strategies and the enduring value of relationships in real estate. - [Future of Multifamily Properties: Refinance or Sell?](https://creconsult.net/future-multifamily-properties-refinance-sell/): 55,000 U.S. multifamily property loans set to expire by 2028. Will owners refinance or face a sell-off? Insights on the $525 billion impact. - [Maximize Returns in Multifamily Real Estate with Cap Rate Insights](https://creconsult.net/multifamily-real-estate-cap-rates/): Learn cap rate essentials for multifamily real estate investing to maximize returns and minimize risks. Your guide to smarter investing. - [CRE 2024 Strategies: Executive Planning Session](https://creconsult.net/cre-executives-strategies-2024/): Discover insights from 40 CRE execs on 2024 strategies and preparations across diverse sectors and cities. Real estate outlook and trends. - [The Impact of Organic Rent Growth on Real Estate Projections](https://creconsult.net/organic-rent-growth-real-estate/): Explore the compounding impact of organic rent growth on multifamily underwriting and how realistic assumptions can drive successful investments. - [Mastering Year 1 Assumptions in Real Estate Underwriting](https://creconsult.net/mastering-year-1-assumptions-in-real-estate-underwriting/): Unlock the secrets to accurate real estate underwriting with a deep dive into Year 1 assumptions. Learn how to forecast returns with precision. - [What to Watch in 2024: Multifamily Outlook Offers Demand the Chance To Match Supply](https://creconsult.net/2024-multifamily-outlook/): 2024 multifamily market trends, focusing on the balance between demand and supply, and the impact on rent growth and vacancy rates. - [U.S. Multifamily Market Faces Challenges Ahead](https://creconsult.net/2024-multifamily-forecast/): Explore the 2024 outlook on multifamily rent trends, market challenges, and investment impacts. See what's ahead for the sector. - [Freddie Mac Outlook for 2024: Moderate Growth](https://creconsult.net/2024-multifamily-market-forecast/): Explore the 2024 multifamily forecast: key trends, growth challenges, and investment insights. Stay ahead in real estate with Freddie Mac’s analysis. - [Chicago's Suburban Multifamily Market: Investor Insights](https://creconsult.net/chicago-suburban-multifamily-investor/): Discover the resilience and potential of suburban multifamily properties in Chicago. Ideal insights for investors seeking stable market opportunities. - [Maximize CRE Insights with Moody's Analytics](https://creconsult.net/moody-analytics-cre-insights-webinar/): Attend Moody's Analytics CRE webinar on Feb 29 for pivotal economic data and insights relevant to Chicago's multifamily market. - [2024 Real Estate & 1031 Exchange Insights](https://creconsult.net/2024-real-estate-1031-webinar/): Join eXp Commercial's webinar on Feb 21 for key 2024 real estate investment strategies and 1031 exchange insights. - [eXp Commercial Adds Moody's Analytics CRE](https://creconsult.net/exp-commercial-adds-moodys-analytics-cre/): eXp Commercial integrates Moody's Analytics CRE to provide advisors with data-driven insights, analytics, and research, enhancing decision-making and market trend anticipation in commercial real estate. - [2024 Multifamily Insights: Aurora/Naperville](https://creconsult.net/aurora-naperville-2024-multifamily-insights/): Discover 2024's multifamily market trends in Aurora/Naperville and how they can guide your investment strategy. - [Chicago's Office-to-Apartment Boom: Insights & Trends](https://creconsult.net/office-to-apartment-conversions-chicago/): Discover Chicago's leading role in office-to-apartment conversions, with a deep dive into the city's market trends and significant projects from RentCafe's report - [Multifamily Property Sales in Naperville and Aurora | eXp Commercial](https://creconsult.net/multifamily-property-sales-in-naperville-and-aurora-exp-commercial/): Maximize your sale with eXp Commercial's expertise in Naperville & Aurora multifamily sales. Start with Randolph Taylor for unmatched service. - [Maximize Returns with Top Aurora & Naperville Multifamily Brokers](https://creconsult.net/maximize-returns-with-top-aurora-naperville-multifamily-brokers/): Unlock the potential of your multifamily property with expert Aurora and Naperville apartment building brokers. Get the latest market insights to sell your property effectively. - [eXp Commercial Launches Commercial Real Estate Specialty Committees](https://creconsult.net/exp-commercial-launches-specialty-committees/): eXp Commercial is launching specialty committees in various fields of commercial real estate to provide targeted support to its agent advisors. These groups cover sectors such as multifamily, office, industrial, and retail to allow for industry-specific networking, business growth, and shared insights to better serve our clients. - [Top 10 Features and Amenities Renters in the Midwest Prioritize](https://creconsult.net/top-10-features-and-amenities-renters-in-the-midwest-prioritize/): Renters everywhere are looking for more balance in their lives and in their homes. And renters in the Midwest are no exception, according to findings from the 2023 NMHC and Grace Hill Renter Preferences Survey Report, a national report that includes responses from renters in 11 major Midwest markets. - [Moody's Analytics CRE | Q4 2023 Preliminary Trend Announcement](https://creconsult.net/moodys-analytics-cre-q4-2023-preliminary-trend-announcement/): In 2023, U.S. multifamily and industrial sectors shifted, with decreased demand impacting absorption and vacancy rates, while office space hit record high vacancies amidst evolving work models. Retail faced stagnation; yet, overall CRE markets suggested opportunities amidst economic rebalancing. - [Will 2024 see more apartment deals?](https://creconsult.net/will-2024-see-more-apartment-deals/): Even as sales improve, rate cuts won’t paper over all of the issues that emerged during the past two years, leaving some types of properties primed for sales. Here are four things buyers and sellers can look for in the coming year. - [Chicago Rent Report: January 2024 - Latest Trends & Analysis](https://creconsult.net/chicago-rent-report-january-2024/): Explore key trends in Chicago's rental market from our January 2024 Rent Report. See how median rents are shifting. - [January 2024 Rent Report: Market Trends Unveiled](https://creconsult.net/january-2024-rent-report-insights/): The January 2024 Rent Report uncovers the latest in rent growth, market shifts, and vacancy rates. Discover essential market insights today! - [Optimism for the 2024 Multifamily Market](https://creconsult.net/optimism-for-the-2024-multifamily-market/): The 2024 multifamily market is generating optimism, with the Federal Housing Finance Agency (FHFA), Federal Reserve, and Freddie Mac indicating a potential increase in transaction volume after a sluggish 2023. - [Freddie Mac Investment Index Falls Across All Markets](https://creconsult.net/freddie-mac-investment-index-falls-across-all-markets/): Based on these changes, the index suggests that investors are paying slightly less per dollar of property income compared with one year ago - [America's housing shortage explained in one chart](https://creconsult.net/americas-housing-shortage-explained-in-one-chart/): The United States faces a significant housing shortage, with a deficit of approximately 3.2 million homes. This shortfall, which represents about 2.5% of the total U.S. housing inventory as of 2022, is a major contributing factor to the sustained high prices in the housing market. - [2024 Trends to Watch in Real Assets](https://creconsult.net/2024-trends-to-watch-in-real-assets/): 2023 was a challenging year for real estate, with widespread declines in asset values and reduced transaction volumes. Looking ahead, investors are hopeful for stabilized prices and a return to normal market activity. Here are five key trends to watch - [Consumers Feeling More Confident, Inspiring Apartment Demand](https://creconsult.net/consumers-feeling-more-confident-inspiring-apartment-demand/): Consumer confidence is closely linked to apartment demand. When consumers are optimistic about the economy, apartment demand increases, as seen in recent trends. - [1031 Exchange - Concepts and Terms](https://creconsult.net/1031-exchange-concepts-and-terms/): Welcome to our comprehensive list of concepts and terms common to the 1031 Tax-Deferred Exchange. This resource is crafted to help professionals, investors, and others understand the terms used as part of a 1031 exchange in real estate. - [Unlocking Value: eXp Commercial and Taxonics Partner to Optimize Your Commercial Property Tax Strategy](https://creconsult.net/unlocking-value-exp-commercial-and-taxonics-partner-to-optimize-your-commercial-property-tax-strategy/): Navigating the complexities of commercial property taxes can be a daunting task for even the most seasoned investor. Overvalued assessments, opaque regulations, and ever-changing deadlines can quickly drain your bottom line and hinder your property's potential - [Multifamily update? Zumper releases 2023 annual rent report, makes 2024 predictions](https://creconsult.net/multifamily-update-zumper-releases-2023-annual-rent-report-makes-2024-predictions/): Thanks to sky-high interest rates, an uncertain economic climate, changing priorities, and ongoing hybrid- and remote-work policies, consumer sentiment towards home ownership is at an all-time low. - [Another boon to the multifamily market: As housing becomes more expensive, more are making the move to the renting lifestyle](https://creconsult.net/another-boon-to-the-multifamily-market-as-housing-becomes-more-expensive-more-are-making-the-move-to-the-renting-lifestyle/): Housing prices and interest rates are making owning a single-family home more expensive than ever. And many consumers are choosing to avoid these costs by renting instead of buying. - [Miami Tops U.S. Hottest Markets, but the Midwest Heats Up the Competition](https://creconsult.net/miami-tops-u-s-hottest-markets-but-the-midwest-heats-up-the-competition/): In 2023, the Midwest emerged as the most competitive rental market in the U.S., with three cities in the top five, driven by its affordability, ample space for remote work, and easy access to nature. - [Will the Commercial Market Hit the Reset Button in 2024?](https://creconsult.net/will-the-commercial-market-hit-the-reset-button-in-2024/): As the real estate market adjusts to new norms in a post-pandemic world, the commercial and investment property sectors are shifting. - [2024 Apartment Forecast: Strong Fundamentals Despite Twists & Turns](https://creconsult.net/2024-apartment-forecast-strong-fundamentals-despite-twists-turns/): Despite concerns about uncertainties and a potential recession, the 2024 forecast for the rental market shows robust fundamentals for multifamily. - [CRE Markets Poised for Growth in 2024](https://creconsult.net/cre-markets-poised-for-growth-in-2024/): Distress in the commercial real estate market has bottomed out, and conditions will soon be on the upswing as more investors from the private equity world seize opportunities to jump into the space - [Don’t Get Left Behind: Now is the Time to Invest in Multifamily](https://creconsult.net/dont-get-left-behind-now-is-the-time-to-invest-in-multifamily/): Commercial real estate remains a highly favored investment class, and multifamily stands above the rest. - [Priced out: How cities are scrambling to re-envision empty office spaces as future homes](https://creconsult.net/priced-out-how-cities-are-scrambling-to-re-envision-empty-office-spaces-as-future-homes/): As rising real estate prices have been reshaping homeownership across the country, the commercial landscape has also been going through a drastic shift - [National Multifamily Report – November 2023](https://creconsult.net/national-multifamily-report-november-2023/): The Northeast and Midwest regions led gains, with New York City (6.2 percent year-over-year), Kansas City (4.0 percent), New Jersey (4.0 percent), Columbus (3.4 percent) and Chicago (3.2 percent) posting the highest advances. - [Single-Family Starts Exceed Multifamily](https://creconsult.net/single-family-starts-exceed-multifamily/): Single-family permits that start in October 2023 were 13% higher in the U.S. than the prior year From September to October this year, multifamily starts and multifamily permitting rose in the U.S. as a whole. - [Forecasters Expect 1% GDP in Foreseeable Future](https://creconsult.net/forecasters-expect-1-gdp-in-foreseeable-future/): More than 80% of panelists believe interest-rate cuts will begin in 2024, with most expecting cuts to start in the second or third quarter of 2024. - [1031 Exchange: A Comprehensive Guide](https://creconsult.net/1031-exchange-a-comprehensive-guide/): This comprehensive guide will provide an in-depth exploration of 1031 exchange rules, shedding light on the intricate details that investors must adhere to for a successful exchange. ## Pages - [9250 S Kedzie Ave – Evergreen Park Multifamily Broker Listing](https://creconsult.net/9250-s-kedzie-mixed-use-evergreen-park/): Mixed-use multifamily investment at 9250 S Kedzie Ave, Evergreen Park IL. 4 apartments + 2 retail bays, garage income, rental upside. Listed by CREConsult Multifamily Brokerage. - [12315 Rhea Drive | Culinary Kitchen for Lease in Plainfield IL](https://creconsult.net/12315-rhea-drive-culinary-kitchen-lease-plainfield-il/): 2,859 SF culinary kitchen for lease in Plainfield IL. $450K+ upgrades. Ideal for ghost kitchens, commissary, or catering. Route 59 access. - [Chicago Retail Investment Property | 3217 W Montrose Ave](https://creconsult.net/chicago-retail-investment-property/): Chicago retail investment property with 6 leased units at 3217 W Montrose Ave. ±4,000 SF with rent upside in high-traffic Albany Park area. - [Office Building for Sale in Joliet | 2439 Glenwood Ave – 9,410 SF](https://creconsult.net/2439-glenwood-office-sale-joliet/): 9,410 SF office building for sale in Joliet near St. Joseph Medical Center. Finished lower level, 36 parking spaces, and flexible B-1 zoning. - [Turnkey Office Building for Sale in Joliet – 9,410 SF](https://creconsult.net/office-building-for-sale-joliet/): Fully renovated 9,410 SF office building in Joliet near St. Joseph Medical Center. Ideal for owner-users, investors, or medical-adjacent use. - [Park Place of Wheaton | Multifamily Redevelopment in Wheaton, IL](https://creconsult.net/park-place-wheaton-redevelopment/): Discover Park Place of Wheaton, a 22-unit multifamily redevelopment in Wheaton, IL. Prime location with strong investment potential. - [Unsubscribe](https://creconsult.net/unsubscribe/) - [Bartlett Office Condo for Sale | 802 W Bartlett Rd | eXp Commercial](https://creconsult.net/bartlett-il-office-condo-for-sale/): Bartlett office condo for sale at 802 W Bartlett Rd in Westgate Commons. Ideal for owner-users or investors. Contact Randolph Taylor. - [Office Space Calculator](https://creconsult.net/office-space-calculator/): The Office Space Calculator aids businesses in determining necessary office space for efficiency during expansions or relocations, supporting various planning needs like buildouts, lease negotiations, and real estate strategies. - [Terms of Use](https://creconsult.net/terms-of-use/) - [Multifamily Property Lyons IL – 12 Units for Sale](https://creconsult.net/chicago-multifamily-listings/multifamily-property-lyons-il/): 7821 43rd Street Multifamily Lyons IL Cook County. 11,826 SF, Multifamily, Asking $1,600,000, Cap 7.23%. Listed by CREConsult. - [Privacy Policy](https://creconsult.net/privacy-policy/) - [Chicago Ridge IL Multifamily for Sale | $2.45M | 18 Units](https://creconsult.net/chicago-multifamily-listings/chicago-ridge-il-multifamily-property-for-sale/): Fully occupied 18-unit multifamily in Chicago Ridge, IL with upgrades, rental upside, and strong suburban investment potential. - [Lyons IL Multifamily Property for Sale | 12 Units | 4337 Prescott Ave](https://creconsult.net/chicago-multifamily-listings/lyons-il-multifamily-portfolio-for-sale/): The Lyons IL Multifamily Portfolio for Sale features a fully occupied 12-unit property at 4337 Prescott Ave, offering updated 1BR and 2BR units. With strong cash flow, on-site laundry, and surface parking, it’s a valuable investment opportunity in a prime location near major transit routes, ensuring rental demand and stability. - [Home](https://creconsult.net/): Chicago Multifamily Brokerage providing expert apartment building sales, valuations, and investment strategies across the Chicago metro area. Maximize your property’s value with CREConsult. - [Broker - Randolph Taylor](https://creconsult.net/chicago-multifamily-property-sales/broker/chicago-multifamily-property-brokerage/): Randolph Taylor offers Chicago multifamily property brokerage services through eXp Commercial, maximizing investments. - [The Brickyard of Hidden Lake 17-acre Acre Lake Front Land Development For Sale Hobart, IN](https://creconsult.net/prime-development-opportunity-northwest-hobart-in/): Discover a 17.25-acre development site in Hobart, IN, with PUD zoning and lakefront lots. Perfect for residential projects near Chicago. - [Fairway Lakes Estates 77-acre Acre Golf Community Land Development For Sale Frankfort IL](https://creconsult.net/fairway-lakes-estates-development-opportunity/): Land development in Frankfort, IL. 77.38 acres approved for 60 residential lots with golf course views, sewer, water, and paved roads. - [Fully Occupied Industrial Property: 16,000 SF in Woodstock, IL for Sale](https://creconsult.net/occupied-industrial-property-woodstock-sale/): Explore this fully occupied 16,000 sq ft industrial property in Woodstock, IL, with stable tenants and a 7.21% cap rate. Ideal for investors. - [Industrial Property for Sale: 73,245 SF in Woodstock, IL](https://creconsult.net/industrial-property-for-sale-73245-sf-in-woodstock-il/): Discover this expansive 73,245 sq ft industrial property in Woodstock, IL, featuring modern amenities and strategic location. Perfect for investors and owner-users. - [Golf Sumac Medical Offices | 9301 West Golf Rd Des Plaines, IL](https://creconsult.net/stabilized-golf-sumac-medical-offices/): Golf Sumac Medical Offices: Prime location with established tenants like NorthShore Health Systems, near I-294 & Advocate Lutheran General Hospital. - [Multifamily Property for Sale: 924 Greenbrier Dekalb](https://creconsult.net/dekalb-il-multifamily-property-sale-924-greenbrier/): 924 Greenbrier: A fully occupied 24-unit multifamily property in DeKalb, IL, near NIU. Perfect for investors seeking market-rate rental opportunities. - [Resources](https://creconsult.net/resources/) - [Indian Creek Apartments 1015-1025 N Farnsworth Ave Aurora IL 60505](https://creconsult.net/indian-creek-apartments-1015-1025-n-farnsworth-ave-aurora-il-60505/): eXp Commercial is pleased to present to market Indian Creek Apartments, a fully occupied 24-unit multifamily complex on the northeast side of Aurora, Illinois, bordering affluent Naperville, Illinois, just to the east. The property is in good condition, with considerable upside in rents with modest unit updates. All units have separately metered tenant-paid water, sewer, electricity, heat, and hot water. Also offered is an attractive low-interest assumable debt of $1.453 million at a 3.32 percent interest rate not due until December 2028. - [12-Unit Multifamily Property For Sale Aurora IL | Pine Valley Apartments](https://creconsult.net/12-unit-multifamily-property-for-sale-aurora-il-pine-valley-apartments/): eXp Commercial is pleased to present Pine Valley Apartments, a 12-unit multifamily complex ideally located in the Western Chicago Suburb of Aurora, the second-largest City in Illinois. The property consists of all two-bedroom, one-bath units with tenant-paid heat and hot water. The property has had a number of capital improvements, including the full replacement of all balconies and many unit renovations. - [Absolute NNN Leased Industrial | Akhan Semiconductor | Gurnee IL](https://creconsult.net/absolute-nnn-leased-industrial-akhan-semiconductor-gurnee-il/): Exp Commercial is proud to present to market an excellent opportunity to acquire an absolute NNN-leased state-of-the-art industrial manufacturing facility with zero landlord responsibilities at a below-market price with future upside in market rents and potential tenant expansion. - [Car Wash Oswego: Mason Square Commercial Listing](https://creconsult.net/fully-equipped-car-wash-oswego-il-route-34/): Mason Square Car Wash in Oswego, IL—a prime commercial car wash located in a high-traffic shopping center. - [For Sale Heavy Value Add 23 Unit Multifamily Property Morrison IL](https://creconsult.net/for-sale-heavy-value-add-23-unit-multifamily-property-morrison-il/): eXp Commercial is pleased to present to the market a heavy value-add 23-unit multifamily property in Northwestern Morrison, IL, offering considerable upside through continued unit renovations and leasing. The unit mix is 10 studio apartments, 11 one-bedroom units, and 2 two-bedroom units. - [Golf-Sumac Professional Building Medical Office Space For Lease 9301 Golf Rd Des Plaines, IL 60016](https://creconsult.net/golf-sumac-professional-building-medical-office-space-for-lease-9301-golf-rd-des-plaines-il-60016/): eXp Commercial is proud to present For Lease Golf Sumac Medical Offices in Des Plaines, IL. This prominent property is ideally located less one-half of a mile from Interstate 294 and Milwaukee Avenue and less than five minutes from Advocate Lutheran General Hospital. Tenants include NorthShore University Health Systems, Midwest Center for Women's Healthcare, Golf Glen Dentistry, Optimum Physical Therapy, and Allergy Partners of Chicago. This three-story 35,245 Square Foot Medical Office building is situated on a two and one half acre lot offering an abundance of parking with two entrances and multiple visitor spots adjacent to the front entrance. The building's exterior, interior common areas, and most suites have undergone significant modernization within the past 3 years. Available Medical Office suites range from approximately 1,000 to 3,000 rentable square feet. - [Retail/Office Space for Lease on Busy Ogden Avenue, Naperville](https://creconsult.net/prime-retail-office-space-lease-ogden-avenue-naperville/): 1120 E Ogden Ave Retail Naperville IL DuPage County. 3,674 SF, Retail, Asking $19. Listed by CREConsult. - [Listing](https://creconsult.net/map/): [wpgmza id=”2″] - [Events](https://creconsult.net/events/): eXp Commercial Real Estate Events - [Request Valuation](https://creconsult.net/chicago-multifamily-property-sales/chicago-multifamily-property-valuation/): Maximize your multifamily property value with expert sales and valuations in Chicago and suburbs, backed by eXp Commercial's resources. - [Park Place of Wheaton 100 W Roosevelt Rd Wheaton IL 60189](https://creconsult.net/chicago-multifamily-listings/park-place-of-wheaton-100-w-roosevelt-rd-wheaton-il-60189/): 23,864 SF Office Building For Sale in Wheaton IL with Residential Redevelopment Potential. - [For Sale 23-Unit Multifamily Property Kankakee IL](https://creconsult.net/chicago-multifamily-listings/for-sale-fully-occupied-23-unit-multifamily-property-kankakee-il-9-6-proforma-cap-rate/): eXp Commercial is pleased to present to the market a 23-unit multifamily for sale on the North side of Kankakee, IL, near Bradley and Bourbonnais, IL. The offering comprises one 11-unit building at 924 E Willow St and one 12-unit building at 163 N Rosewood Ave. - [New Listing 16 Unit Multifamily Property Des Plaines IL](https://creconsult.net/chicago-multifamily-listings/125421-2/) - [Closings](https://creconsult.net/closings/) - [Partners](https://creconsult.net/partners/) - [Join](https://creconsult.net/join/) - [New Listing! Fully Occupied 23 Unit Multifamily Portfolio Kankakee IL](https://creconsult.net/chicago-multifamily-listings/new-listing-fully-occupied-23-unit-multifamily-portfolio-kankakee-il/): Fully Occupied 23-Unit Multifamily Property for sale in Kankakee, IL - [Office Flex Property For Sale Montgomery IL](https://creconsult.net/chicago-multifamily-listings/office-flex-property-for-sale-montgomery-il/):  - [1231 N Galena Ave Dixon IL 61021 - 21 Unit Multifamily Property For Sale 8.5% Cap Rate](https://creconsult.net/chicago-multifamily-listings/1231-n-galena-ave-dixon-il-61021-21-unit-multifamily-property-for-sale-8-5-cap-rate/):  - [1125 Tollview Ave Aurora IL 60505 - 10 Unit Multifamily Property For Sale](https://creconsult.net/chicago-multifamily-listings/1125-tollview-ave-aurora-il-60505-10-unit-multifamily-property-for-sale/):  - [MyCurator Training Page](https://creconsult.net/mycurator-training-page/): [MyCurator_training_page] - [Contact Us](https://creconsult.net/contact-us/) - [Glossary of Commercial Real Estate Terms](https://creconsult.net/commercial-real-estate-glossary/): Glossary of Commercial Real Estate Terms A Abatement Often referred to as free rent or early occupancy and may occur outside or in addition to the primary term of the lease. Above building standard Upgraded finishes and specialized designs necessary to accommodate a tenant’s requirements. Absorption rate The rate at which rentable space is filled. Gross absorption is a measure of the total square feet leased over a specified period with no consideration given to space vacated in the same geographic area during the same time period. Net absorption is equal to the amount occupied at the end of aRead more - [Featured Listings](https://creconsult.net/chicago-multifamily-listings/): Discover top Chicago multifamily listings. Find investment properties, apartment buildings, and more. 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