Zillow, Seattle, reported apartment asking rents climbed by 0.6%, or $12, from March to April, bringing the Zillow Observed Rent Index to $2,018.
Tag: Multifamily
CBRE: Multifamily Fundamentals Begin to Stabilize
The U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease, reported CBRE, Dallas.
CBRE: Looming Multifamily Oversupply Likely Short-Lived
CBRE, Dallas, said delivery of a near-record 716,000 new multifamily units over the next two years will create a short-term oversupply, but noted the new supply will keep long-term fundamentals healthy.
#MBACREF23: Multifamily Leadership Perspectives
SAN DIEGO–Senior government executives visited the MBA Commercial/Multifamily Finance Convention & Expo 2023 to discuss their successes and challenges, including how to increase the national supply of affordable housing.
MBA Chart of the Week Feb. 3, 2023: Multifamily Construction/Vacancies
At the end of this week, many of us will begin our annual migration to San Diego and to MBA’s Commercial/Multifamily Finance Convention & Expo (CREF23). There will be no lack of topics to discuss – from return to the office, to the return of retail, and interest in cap rates to interest rate caps.
RealPage: Apartment Demand Turns Negative for the First Time Since 2009
RealPage, Richardson, Texas, said net demand for apartments finished 2022 in negative territory for the first time in years.
RealPage: Gateway Markets See More Volatile Apartment Rents
The COVID pandemic hit apartment markets nationwide, but different markets saw very different effects, reported RealPage, Richardson, Texas.
RealPage: Apartment Demand Plunges in Third Quarter
RealPage, Richardson, Texas, said apartment demand plunged in the third quarter as new leasing stalled far more than expected.
Multifamily Completions Jump; Rents Stall
Yardi Matrix, Santa Barbara, Calif., said multifamily construction reached a 50-year high, with 420,000 new apartments expected to deliver nationwide this year.
Dealmaker: Capital One Closes $30M Virginia Refinance
Capital One, McLean, Va., provided $29.4 million in financing to Fairfield Residential, San Diego, Calif., to renovate Grand Oaks Apartment Homes, a 216-unit affordable housing community in Chester, Va.