Property Management News
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 baseball-meets-residential properties in the last few years, including One Cardinal Way in St. Louis and One Rangers Way in Arlington, Texas. “There’s also a genuine sense of community that comes from living alongside fellow fans—people who share a passion for the same team and the same neighborhood. That shared identity creates a natural social fabric that’s rare to find in a residential setting.” Cordish is just one of the many companies getting in on the sports-driven development movement. According to a report from... Read more
Summary The traditional path to homeownership is evolving, with affluent Americans increasingly choosing to rent their primary residences. This shift is driven by...
Not long ago, a residential building manager’s primary relationship with the physical condition of their property was reactive. Something broke, a resident called,...
The fundamental demographics of the U.S. apartment renter — the age and income of typical tenants — have changed dramatically in recent years. But the business...
In a reversal of migration trends over the past 25 years, Americans are beginning to move away from areas where the high risk of extreme weather events is pushing up...
Many D.C. condo owners are finding it difficult to sell their properties or get strong offers — so they’re becoming reluctant landlords instead. Why it matters: D.C. condo sales have slumped to a decade low, per Bright MLS’ year-to-date data as of April. Meanwhile, the number of new condo rentals was also at its highest in a decade. The big picture: This is the culmination of years of challenges, local real estate agents tell Axios. People ditched condos during COVID when they wanted more space and didn’t need to be in the city for work. Then many laid-off federal employees listed their condos over the past year. And condo fees are rising — pair that with... Read more
Multifamily owners heading into prime leasing season are not getting the cycle they wanted. They are, however, getting the one they need. Robust apartment demand is...
When Avara Miami Beach broke ground, its developers were not just building a high-end rental complex—they were wagering on a new demographic of affluent nomads who...
While apartment vacancies have been rising overall and rents consequently softening, there have been some signs of improvement, according to Caitlin Sugrue Walter, Ph.D....
The Co-Star U.S. Multifamily Momentum Index highlights those markets where apartment conditions are improving most quickly as supply pressures ease and demand...
Accessibility