Apartment Business Update
A quarterly newsletter covering investment trends in the apartment industry.
Powering Up: Providing Charging Stations for EVs at Your Property
By Andrew Ruhland | | Updated
Increased demand for EV charging is just around the corner; owners and management companies must be prepared for the potential uptick of EVs at communities. As climate change continues to alter the environment, people are becoming more conscious of their personal impact on the planet and…
Smart Sustainability: Navigating the Path to Business Resilience
By Doug Pike | | Updated
Finding sustainable solutions that deliver measurable results, then duplicating them across the portfolio, is essential to maximizing ROI. Sustainability initiatives were gaining traction prior to the pandemic but took a temporary backseat to the operational efficiency movement as…
Proptech: Empowering and Evolving Teams
By Doug Pike | | Updated
If the goal is to meet customers where they are – whether it’s online, via chatbot or in person – teams must be prepared and equipped to keep pace. PropTech has exploded in multifamily housing, providing an opportunity to transform lean teams into nimble, efficient machines. During the 2022…
Apartment Demand Sinks in Q3
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For the first time ever, RealPage reports negative apartment demand in a third quarter.Apartment demand in the third quarter of 2022 plunged, continuing the pullback in demand that was seen in Q2. This is the first time in the 30-year history of RealPage’s tracking that Q3 has witnessed negative…
WSJ Editorial Board Criticizes St. Paul Rent Control, Again
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The Wall Street Journal Editorial Board comments on St. Paul rent control failures.The Wall Street Journal Editorial Board didn’t hold back in its latest commentary about rent control in St. Paul, Minn., calling rent control “among the dumbest policies known to man.”The opinion piece comes after…
New Law Adjusts Parking Minimums in California
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Gov. Newsom is looking to tackle housing affordability and climate change with one fell swoop. California is seeking to address housing affordability and climate change at the same time with new legislation. Gov. Gavin Newsom (D-CA) announced Sept. 22 that he signed planning and zoning measure…
Cities Reviewing Adaptive Reuse Policies
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Adaptive reuse and office-to-residential conversions are in the limelight.During the past 30 months or so, buildings across the U.S. have been vacated. Many of those are office and other nonresidential buildings. Rather than tear down and rebuild on the lot, some locations are being reused and…
One-, Two-Bedroom Rents Reach New Records
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The price gap is also closing between one- and two-bedroom apartments.One- and two-bedroom apartment rents have reach new highs. According to the latest National Rent Report from Zumper, the median national rent for one-bedrooms is at $1,503, while two-bedrooms are at $1,845—the former hitting a…
Rents Decline Month Over Month in September
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New data shows rents have started to decline, in line with what was seen prior to the pandemic.Rent growth continued its steady decline during the month of September. The October National Rent Report from Apartment List shows the national index dropped by 0.2%, which is typical of this time of year…
St. Paul City Council Approves Rent Control Amendments
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The City Council approved the changes 5-2, resulting in two major adjustments.The City Council in St. Paul, Minn., approved changes to the city’s rent control that took effect in May after voters approved rent stabilization 53-47 percent in November 2021.“This ordinance protects renters while…