Apartment Business Update
A quarterly newsletter covering investment trends in the apartment industry.
January Rent Growth Slows Amid Yearly Increase
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Rent growth continues slowdown in new year.
Despite large year-over-year (YoY) increases, rent growth has slowed during the past several months. In the latest National Rent Report from Apartment List, the index increased 0.2% during January, yet the YoY increase is at 17.8%. Over the past four…
Bill Restricting Owner Rights Defeated in California
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Industry advocacy efforts help to block a bill restricting owner rights.
Thanks to industry advocacy efforts, including those from NAA local affiliates, AB 854, a bill aimed at taking away the rights of owners in the rental housing industry, has been defeated in California. Assemblyman Alex Lee…
Resident Searches Focus on Rental Assistance
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Rental assistance is what residents are looking for on Google.
Renter search trends are changing, mainly due to the pandemic. Point2 analyzed Google searches and search terms to determine how renters’ online behavior has changed during the pandemic.
Certain phrases saw exponential growth year-over-…
Occupancy Increases for First Time Ever in Q4
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Occupancy closed out 2021 with another first.
For the first time ever, occupancy increased in the fourth quarter. Occupancy finished last year with a 30-basis point quarter-over-quarter increase, moving occupancy to 97.4% to close out 2021, according to RealPage.
“The last few months of the year…
College Beds Leasing at Pre-Pandemic Levels
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Student housing sees impressive pre-lease season for fall 2022.
The pre-lease season at colleges has rebounded to pre-pandemic numbers. According to RealPage, nearly a third of beds at 175 universities were leased for fall 2022 as of December 2021. At 31.5%, the rate is just shy of the December…
Two Controllables in an Uncontrollable World
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Online reputation and “caring about the staff” are the leading factors affecting apartment performance and revenue, according to recent data from J Turner Research.
Apartment operators today are experiencing more factors out of their control than ever before. And with the pandemic wreaking havoc on…
The State of Mental Health, Well-Being in the Apartment Industry
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Results of a national survey on the state of mental health, well-being in the rental housing industry now available.
Mental and emotional health are always important topics, and they have become even more vital during the pandemic and the resulting staffing challenges elevating pressures on…
2021 Apartment Demand Breaks Decades-Long Record
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Apartment demand is at its highest ever, breaking the previous record set more than two decades ago.
Apartment demand is at a new high despite the record-low vacancy across the nation. Net demand hit more than 673,000 units, breaking the 2000 record by 66%, according to a RealPage Analytics Blog.…
Rents Decline to Close 2021
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Rent prices fell across the nation for the first time all year.
A year of substantial rent growth has ended. According to the latest Apartment List National Rent Report, the national index dropped 0.2% during December, the first month-to-month decline of 2021. Despite the slight dip, rent growth…
Best Practices for Employee Communication and Engagement in Policy Compliance
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Simply communicating new policies and procedures is not enough; companies must also be able to measure adherence.
It was one of the many head-spinning aspects of life in the rental housing industry during the early days of the pandemic: The need to continually update policies and procedures because…