Property Management News
Although rent growth has accelerated, the share of listings offering an incentive remains elevated The typical U.S. asking rent rose to $1,965 in June, up 2.2% annually, according to the Zillow Observed Rent Index. 39.7% of rentals on Zillow offered a concession in June, up from 35.2% a year ago. Sun Belt renters have more options and more deals than the rest of the country, the direct result of a years-long building boom. Fewer apartments are sitting empty, rents are climbing, and yet the deals keep coming. According to the Zillow® June Rental Report, the typical U.S. asking rent rose to $1,965, up 2.2% compared to a year ago, and nearly 2 in 5 rental listings came with a... Read more
Every lease starts as a bet between strangers. The landlord bets that the person on the other side of the application is who they claim to be and earns what they claim...
Ten years ago, a prospective renter’s research process was simple: they toured the unit, met the leasing agent, maybe skimmed a few reviews. Today, before they...
Apartment demand accelerated during the second quarter, pushing national vacancy lower as household formation strengthened and renters faced renewed obstacles to...
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 lobby that sees foot traffic only during commuting hours, an amenity floor that sits quiet five nights a week, a rooftop with a view that nobody is paying to experience, is an asset waiting to be activated rather than simply a gap in the occupancy ledger. The events industry has long known this. The hospitality industry has known it as well. Now, a growing cohort of real estate owners is now figuring out that the intersection of those two industries and their own square footage represents an opportunity that goes well beyond... Read more
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...
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...
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