Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
Rent Growth Climbs Slightly in February
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Rent growth ticks back up in February.Rent growth is back in positive territory after five straight months of declines. The latest Apartment List National Rent Report increased 0.3% during February.Year-over-year rent growth is at 3%, which is the lowest level since April 2021. The average rate for…
Zumper Announces Flexible Leasing Service
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The new program is live across the country.Zumper is joining the flexible leasing space. The San Francisco-based rental platform announced FlexPass on Feb. 23—a way for residents to have access to short-term rentals across the country. The program is free if booked before March 31. Features of…
Office Vacancy Up, Apartment Conversions A Result
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The national vacancy rate for office buildings in the U.S. hit a nearly 30-year high in the third quarter of 2022. According to a recent report from CBRE, the vacancy rate reached 17.1%. This extra space has led developers, investors, architects and others in the real estate arena to rethink how…
How BTR Homes Compare in Size, Price, Location
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In many ways, build-to-rent (BTR) homes can be thought of as a hybrid between single-family homes and townhomes and apartments.This article is an excerpt from the January/February 2023 units Magazine article, "Build-to-Rent: Challenging Times Yield New Options & Strategies."Size and price. Most…
An EV in Every Garage
By Paul Bergeron | | Updated
Electric vehicles (EVs) and chargers are seeing a steady influx in apartment communities nationwide. The type and number of such stations can be a riddle as they gauge current and future demand for what has become a prime amenity in some locations.MEB Development’s Bella Victoria community in Mesa…
New Apartments Shrinking in Size
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Smaller apartments have brought down the national average to under 900 square feet.The average size of new apartments is shrinking. According to RentCafe, the average size of apartments has decreased 54 square feet in the past 10 years. The 887 square foot average in 2022 is also down 30 square…
Apartment Renter Migration Trends
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New data shows apartment searchers open to longer-distance moves.The shift seen in the workforce regarding work-from-home (WFH) opportunities has affected renter preferences. The Apartment List Renter Migration Report for 2022 shows 40% of apartment searchers were looking in a new metro for their…
Multifamily Permits, Starts Down; Completions Up
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Mixed results in latest housing data release.The Census Bureau and Department of Housing and Urban Development announced Feb. 16 that housing starts and building permits were down year-over-year (YoY) in January. Housing completions were up double-digits.Starts, completions and permits for new…
NAA Releases Second Episode of The Apartmentcast
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The NAA Apartmentcast, the official podcast of the National Apartment Association, has released its second episode, which features a sit down with NAA VP of Research Paula Munger for a conversation centered on apartment market trends, the labor market, inflation, demographics, housing affordability…
Apartment Management Once Again Proving Recession-Proof
By Paul Bergeron | | Updated
Headlines about significant job layoffs are appearing almost daily as the country moves into 2023 with “recession” on many minds.Workforce reductions have mostly been in the technology industry, but lately, they are showing up elsewhere. But not in apartment management.Apartment management…