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.
Market Trends
Real-time data helps multifamily leaders make better decisions, faster; ultimately being the key to driving NOI.
Here are three fascinating current trends in multifamily housing that are dramatically changing the rental market
Based on the 20 conversations with senior executives, it seemed that ESG was becoming a driver in many decisions, including technology implementations.
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.
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.