RentCafe, Santa Barbara, Calif., found adaptive reuse projects grew last year. There were 17.6% more apartments converted from outdated buildings in 2023 compared with 2022.
Tag: Yardi Matrix
Student Housing Pre-Leasing, Rent Growth Outpace Historical Average
Student housing pre-leasing is outpacing all previous years on record and rent growth remained strong in March, according to Yardi Matrix, Santa Barbara, Calif.
Yardi Matrix: Multifamily Rents Rose Slightly in February
Yardi Matrix, Santa Barbara, Calif., reported the average multifamily asking rent rose $1 in February to $1,713, the first increase in seven months. Year-over-year growth remained flat at 0.6%.
Yardi Matrix: Rents Fall Again in December 2023
Yardi Matrix, Santa Barbara, Calif., released its Yardi Matrix National Multifamily Report, finding that rents declined for a fifth consecutive month.
Yardi Matrix: 2024 Multifamily Outlook Mixed
Yardi Matrix, Santa Barbara, Calif., released an outlook for the multifamily market in 2024, pointing to expectations as “mixed.”
Yardi Matrix Increases Multifamily Completion Forecast for 2024, 2025
Yardi Matrix, Santa Barbara, Calif., reported multifamily construction starts increased slightly in the third quarter, and overall construction levels should yield an uptick for 2024 and 2025 completions.
Yardi Matrix: Student Housing Down From 2022, but Still Sees Strong Numbers
Yardi Matrix, Santa Barbara, Calif., reported 95.1% of beds at its “Yardi 200” universities were preleased as of the end of September.
Yardi Matrix: Student Housing Sector Continues to Outperform
Yardi Matrix, Santa Barbara, Calif., reported student housing preleasing for the fall semester reached near-record highs in July, positioning the sector well to be able to weather a potential recession.
Completion of Build-to-Rent Homes Hit New High in 2022
RentCafe, Santa Barbara, Calif., reported construction of new build-to-rent single-family homes hit a high in 2022, with 14,541 completed.
Yardi Matrix: Insurance Rates a Growing Problem for CRE Owners
Rising insurance costs present a growing problem for commercial property owners, particularly in states with increasing climate-related risk such as Florida and Texas, reported Yardi Matrix, Santa Barbara, Calif.