Property Management News
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 concession attached. For property managers, that means pricing power isn’t back yet. A concession is a... Read more
Owning a home has long been part of the American Dream. But in the country’s 250th year, many Americans feel the goal, a milestone of adulthood and a marker of...
Tenants push for tougher rules against unfair add-on charges. Industry players argue against policies that they say could limit the ‘effective use of fees.’ Across...
Deciding which amenities to include in modern apartment buildings continues to grow in importance for multifamily developers and owners. Amenities essentially elevate...
A stronger-than-usual spring leasing season has given the U.S. single-family rental market a boost, although annual rent growth remained well below last...
In Nashville, Tenn., the landlords come to you. At least, it looked that way from the texts showing up on Mason Comans’ phone a few months ago when he was apartment hunting. One property manager wrote that they were offering one month of free rent. Another offered two. “I even saw some places doing three months, three and a half months free,” Comans said. This is what a renter’s market looks like, said Zillow senior economist Kara Ng: “Renters, this is your year.” The typical asking price for rent nationally is now rising slower than wages and inflation — 1.9% year over year in April, according to Zillow. By contrast, the latest inflation report, in... Read more
Smart apartment owners and operators are pouring money into marketing, but too often they are chasing noise instead of net operating income. At this year’s...
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...
Apartment amenities have long been treated as an arms race—flashier, trendier and more eye-catching than the competition. But that approach is starting to look...
Walk through any high-supply apartment market today, and the landscape looks remarkably identical. Banners draped over construction fences, bold text on ILS listings,...
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