RentCafe, Santa Barbara, Calif., analyzed the competitive state of the rental market, finding that Miami has retained its position as the most competitive rental market, followed by suburban Chicago and northern New Jersey.
Category: News and Trends
MBA Releases Q1 2024 Commercial/Multifamily DataBook
The Mortgage Bankers Association just released its Q1 2024 Commercial/Multifamily Quarterly DataBook.
MBA Chart of the Week: Value of Private Construction Put-in-Place
Physicists have protons, neutrons, and electrons. Biologists have DNA and RNA. And economists have supply and demand — the building blocks upon which most of our understanding of markets rest.
Redfin: New Apartments Filling Slowly
Redfin, Seattle, released a report highlighting that newly built apartments are filling up at the slowest pace since the first quarter of 2020.
CREF Policy Update: MBA, Housing Solutions Coalition Send Post-Presidential Debate Missive Opposing Rent Control
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Single-Tenant Net Lease Cap Rates Rise for Ninth Straight Quarter, The Boulder Group Finds
Single-tenant net lease cap rates increased for the ninth consecutive quarter within all three sectors in the first quarter, per The Boulder Group, Wilmette, Ill.
Yardi Matrix Finds Solid Multifamily Performance in First Half of 2024
Yardi Matrix, Santa Barbara, Calif., reported that multifamily performance was solid in the first half of 2024, with advertised rents up 1.5% nationally.
Commercial and Multifamily People in the News July 11, 2024
Industry personnel news from Green Street, Greystone, CBRE, JLL and Eastern Union.
CMF Quote of the Week: June 27, 2024
“Many U.S. renters are and will remain burdened by the cost of having a roof over their head, and unlike homeowners, they’re not building wealth through rising property values.”
–Redfin Senior Economist Sheharyar Bokhari
Redfin: Fewer Than Half of Renters Make Enough for Median-Priced Apartment
Redfin, Seattle, released a new report finding that just 39% of renters make enough to afford the median-priced apartment nationwide.