Property Management News
The multifamily vacancy rate fell to 5.3% in the third quarter, down from 5.5% at the end of June, according to CBRE. Renters absorbed 153,300 units, one of the highest rates of move-ins in 40 years and 72% above the pre-pandemic average for the third quarter. “The first drop in vacant units in more than two years signals a crucial turning point in the multifamily sector,” CBRE Multifamily Capital Markets leader Kelli Carhart said in a statement. “This boost will lead to increased investment activity in 2025 as improving fundamentals continue to drive investor confidence [and] capital deployment.” The vacancy dip happened despite the addition of a record 472,000 units to the... Read more
ADUs (Accessory Dwelling Units) and tiny houses have become distinctive living solutions in compact living. Understanding these options’ differences is crucial for...
As high-net-worth individuals and families think about building generational wealth, they are looking for ways to create a legacy that spans decades. With the largest...
Luxury: Anything conducive to physical comfort. The enjoyment of sumptuous living. — The American Heritage Dictionary of the English language, New College...
A new law was recently signed by Governor Healey in Massachusetts that aims to protect tenants from the negative impact of eviction records. This law, part of the...
Property owners and managers are no strangers to wearing many hats, but developing a plan for energy reduction and electrification could be unfamiliar territory to even seasoned residential pros. When time and resources are scarce, making clean energy upgrades and efficiency improvements–things like installing on-site electric vehicle charging or attic insulation, for example–can feel overwhelming. But these investments also align with many property owner priorities: employee productivity, reduced overhead costs, and tenant satisfaction, to name a few. There’s no one-size-fits-all approach to decarbonization–the process of switching from equipment powered by fossil fuels to... Read more
Across the country, the arrival of new units will affect occupancy, rental rates and operations in 2025. As we contemplate the opportunities in multifamily, we simply...
Finding an apartment in a major U.S. city for less than $1,000 per month has become more difficult lately, but in some metros, such as Oklahoma City and Pittsburgh,...
2024 marked a ‘return to normal’ for the multifamily industry. Rent prices increased by 1%, retention rates were above average, a record number of new units...
Key Takeaways Vacancy rates have leveled off for the first time in three years as apartment demand reaches its highest point since 2021. If demand continues to grow,...
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