Building Barometer: Are Developers Ready for a Slowdown?
Although the multifamily pipeline remains robust for now, developers and lenders are becoming more selective as the cycle matures.
Market Measure
Midway through 2017, the commercial and multifamily markets are characterized by a mix of caution and confidence.
From Temporary Rentals to Permanent Solutions
Whether office locations to house workflow or apartments to rent during travels, temporary rentals are growing in popularity due to their flexibility, convenience and affordability.
Mid-Year Update 2017 Is Now Available!
We’re pleased to present the 2017 Mid-Year Update, a special publication of Multi-Housing News and Commercial Property Executive.
Supply Influx Moderates Austin Gains
The Texas capital’s economy is strong and its population is booming, but a high volume of new supply is keeping the lid on rent growth. As of May, rents in the metro were flat compared to a 1.5 percent year-over-year national uptick.
Rents Moderate in the San Francisco Bay
Rates have reached a point where even highly paid workers can’t afford the premium prices, despite the metro’s consistent job expansion, robust resident demand and high home prices.
Demand Outpaces Supply in Salt Lake City
Driven by robust population growth and low unemployment, Utah’s largest city is rapidly expanding, generating healthy housing demand. It continues to appeal to major employers, such as Amazon, UPS and big-brand companies based along the Wasatch Front.
Steady Growth Cultivates Building Boom in Columbus
The multifamily market is expanding in the area, which has been an economic standout in Ohio and the Midwest. The metro’s tight labor market is lifting average wages, attracting more residents and bolstering demand for apartments.
Development Boom Tempers Rent Growth in Chicago
The city has seen costs moderate, in keeping with the nation as a whole, and features a bifurcation between luxury and working-class units.
Eds and Meds Spur Growth in Pittsburgh
Once a predominantly blue-collar city, the area today relies on a diversified innovation economy and a highly educated workforce.