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.
Category Archives: Market Trends
Commercial Real Estate Market Trends
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.
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 are facing significant downward pressure for many types of commercial real estate from apartments to self-storage facilities to hotels and industrial properties
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.
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