Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
One-, Two-Bedroom Rents Reach New Records
| Updated
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…
Legislation Introduced to End Federal CARES Act Notice to Vacate
| Updated
On September 30, 2022, Rep. Barry Loudermilk (R-GA) introduced the “Respect State Housing Laws Act" (H.R.9062), federal legislation that would end the CARES Act notice to vacate requirement. The National Apartment Association (NAA), working alongside the National Association of Residential…
Rents Decline Month Over Month in September
| Updated
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
| Updated
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…
JLL Adds Multifamily Property Management Services
| Updated
The real estate services firm adds multifamily property management to group of businesses, names new group leader.JLL has entered the multifamily property management space. The company made the announcement Sept. 21 that it expanded its Property Management business to include the Multifamily…
Major Groups Show Support for NAA’s Eviction Moratorium Lawsuit
| Updated
Industry organizations support compensating rental housing owners affected by federal eviction moratorium via friend-of-the-court briefs. Earlier this month, the National Association of REALTORS® (NAR), National Association of Home Builders (NAHB) and New Civil Liberties Alliance (NCLA) each…
Rent Growth Inches Downward
| Updated
For months, rent growth has continued upward, but the latest data shows asking rents are decreasing.Year-over-year (YoY) rent growth continues, yet a slowdown has happened after more than a year and a half of gains. A new report for Apartments.com shows rents declined across the U.S. from July to…
St. Paul City Council to Review Rent Control
| Updated
The vote on the amendment is expected Wednesday. The City Council for St. Paul, Minn., is set to review changes to one of the strictest rent control laws in the country. A vote on the easing of rent control measures is expected Wednesday, according to the Pioneer Press. Last November,…
How Well Do You Know Your Prospective Residents?
By Ashley Tyndall | | Updated
Here’s how to really know who your customers are. It’s critical to know and understand your prospective residents — and regularly assess their wants and needs. The multifamily industry is constantly changing — and so too are its residents. This is why it is only natural to change the way you…
Build a Better Leasing Experience with Centralization and Technology
By Morgan Dzak | | Updated
Centralized leasing has become quite the multifamily buzzword, but operators have different perspectives of what it actually means. What exactly is being centralized? Traditionally, centralized staffing has referred to having a central physical office, but today it includes a combination of…