Property Management News
Manhattan and Brooklyn rents have reached new highs as the cost of living continues to rise across New York City. A report from the Corcoran Group found that the median rent for market-rate residential buildings in Manhattan reached $5,295 per month at the start of summer, up 3 percent since May and 8 percent year over year. Across the East River, Brooklyn’s median rent for market-rate units reached $4,350 last month, an 8 percent annual increase. The continued surge reflects the city’s limited housing inventory, with Manhattan’s already-tight vacancy rate falling from 1.57 percent in May to 1.49 percent in June. “Manhattan renters are chasing a shrinking pool of available... Read more
Let’s talk about the phone. With all the new AI assistants, chatbots, and automated answering strategies, it’s easy to think the traditional phone call is a...
It’s as close as you can get to living in the clubhouse,” says Nicholle Soendker, director of residential marketing for Cordish Living, which developed several...
Summary The traditional path to homeownership is evolving, with affluent Americans increasingly choosing to rent their primary residences. This shift is driven by...
A record 25.2 million adults under 35 lived with their parents in 2025, according to new research from Realtor.com. Nearly one in three young adults now reside at home,...
Walk through any high-supply apartment market today, and the landscape looks remarkably identical. Banners draped over construction fences, bold text on ILS listings, and website pop-ups all scream the same phrase: One Month Free. According to recent data from Zillow, apartment concessions have hit an all-time high, with over 37% of active U.S. rental listings offering some form of incentive. In heavily supplied submarkets like Denver, Charlotte, and Austin, that number skyrockets past 60%. RealPage historical tracking reveals that stabilized properties are averaging five weeks of free rent — the highest concession baseline seen since the Great Financial Crisis. Herein lies the trap:... Read more
Midway through 2026, multifamily is “muddling along,” a condition likely to persist through the rest of the year, Yardi Matrix says in their mid-year report for...
Zillow’s latest ranking of top markets for new college graduates points to a quiet but meaningful shift in the apartment business: landlords in many Sunbelt...
The first full day at the National Apartment Association’s 2026 Apartmentalize conference highlighted a familiar tension for owners and operators. Demand is still...
Evicting a resident is always a stressful operational hurdle, but when that resident has a disability, the professional stakes go through the roof. Property managers...
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