Property Management News
Apartment demand accelerated during the second quarter, pushing national vacancy lower as household formation strengthened and renters faced renewed obstacles to homeownership. Nearly 190,000 households were formed during the quarter, more than in the previous two quarters combined, according toMarcus & Millichap. Although that total remained below the 2015-to-2019 quarterly average of roughly 240,000, it supported stronger apartment absorption and helped reduce national vacancy by 60 basis points to 4.5%. Vacancy declined across most major markets. Some of the largest drops occurred in lower-supply Midwest and Northeast metros, but construction-heavy Sun Belt markets also... Read more
There’s a word in our industry that has been used so widely, so indiscriminately, and for so long that it no longer transmits any information at...
Commercial real estate owners have always understood that empty spaces are lost opportunities. What they have been slower to recognize is that underutilized space, a...
Naming gets all the attention. The workshop, the shortlist, the debate over the finalists, the reveal. It feels like the moment the brand is born. It is not. A name is...
If you own or manage rental property outside New York, it’s easy to assume the city’s broker-fee law has nothing to do with you. I think that’s a...
Open almost any apartment community’s amenities page and you’ll meet the same three phrases: resort-style pool, state-of-the-art fitness center, wood-look flooring throughout. They’ve become the industry’s default vocabulary. And that’s precisely the problem. These phrases caught on because they’re efficient. “Resort-style pool” communicates size and polish in three words. “State-of-the-art fitness center” reassures a prospect the equipment isn’t ancient. The shorthand does a job. The trouble starts when the shorthand becomes the entire description, because that same sentence describes a thousand other communities. Copy meant... Read more
Renters can get an average of 703 square feet of apartment space nationwide for a $1,500 monthly budget, according to a new analysis from RentCafe. However, in nearly...
KEY TAKEAWAYS Over 16% of US stabilized apartments offered concessions in June 2026, near post-2014 highs. The average concession discount jumped to 11.1%, the deepest...
A monthly rent budget of $1,500 can buy dramatically different outcomes depending on where a renter looks, according to RentCafe’s analysis of Census Bureau...
The Onsite Application “Special & Close Have you ever heard this from a rental prospect? “This apartment is perfect! I have to get right back to work,...
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