RENTCafé, Santa Barbara, Calif., reported many apartments are growing larger, in part due to increased working from home.
Tag: Yardi Matrix
Sublease Space Weighing Office Market Down
Office vacancy rates have risen significantly since the pandemic hit. Yardi Matrix, Santa Barbara, Calif., reported one big reason for the spike: nearly every market has seen sublease space available jump.
Rental Activity, Rent Both Increase
More renters moved last year than in 2019, and many of them relocated to big cities, reported Yardi Matrix, Santa Barbara, Calif.
Apartment Rents Jump at Fastest Rate in 2 Years
Apartment effective asking rents climbed 0.6 percent in February, the fastest single-month pace seen since the middle of 2019, reported RealPage, Richardson, Texas.
‘Murky’ Outlook for Office Sector
The U.S. office sector faces a “murky” future after a tumultuous 2020, said Yardi Matrix, Santa Barbara, Calif.
Multifamily Transactions Tumble, But Capital Flows Point to Rebound
Yardi Matrix, Santa Barbara, Calif., said multifamily sales transactions fell sharply in 2020 due to the pandemic. But a rebound could be on the way.
Pandemic Reaching Office Market
The next 18 months could be a difficult period for the office sector, said Moody’s Analytics REIS, New York.
Industry Briefs Aug. 11, 2020
Ginnie Mae, Washington, D.C., said issuance of its mortgage-backed securities totaled an agency record of $70.04 billion in July, providing financing for more than 261,000 homeowners and renters.
Fiorilla: Tourism Metros Slow to Recover from COVID
Tourism and energy were among the sectors to bear the early brunt of COVID-19, as shelter-in-place orders that started in March closed many office buildings and entertainment venues around the country.
Survey: Pandemic Forces Nearly Half of Renters to Postpone Homeownership Plans
RentCafe, Santa Barbara, Calif., said its survey of 7,000 renters found although one in 10 renters planned to by a home in 2020, nearly half have now delayed those plans because of the economic impact of the coronavirus pandemic.