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.
Category: News and Trends
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.
State of the Nation’s Housing Report: Costs Strain Owners and Renters Alike
Both homeowners and renters are struggling with high housing costs, the Harvard Joint Center for Housing Studies reported yesterday.
Point2: Amid Build-to-Rent Boom, California Sees Most Luxury Options
Point2, Saskatoon, Saskatchewan, released an analysis finding that five of the top 10 cities with the highest shares of luxury houses for rent are in California
Zillow: Housing Deficit Continues to Grow
Zillow, Seattle, released an analysis revealing the U.S. housing shortage grew to 4.5 million homes in 2022, up from 4.3 million in 2021.
RealPage: U.S. Apartment Occupancy Rates Up in Most Markets
RealPage, Richardson, Texas, found most markets across the country are seeing month-over-month apartment occupancy improvements.
Dealmaker: Berkadia Secures $400M Construction Loan for The Residences at Six Fisher Island
Related Group, Teddy Sagi and BH Group received a $400 million construction loan for The Residences at Six Fisher Island from Madison Realty Capital.