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.
Category Archives: Market Trends
Commercial Real Estate Market Trends
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 Features Marcus & Millichap’s President and CEO Hessam Nadji
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.
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
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.