Research Center
Rent Growth
Rents were up 5.5%, down 10 basis points from June, 60 basis points from April and 120 basis points from the recent peak last October.
Market Pulse for September 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: Housing starts of buildings with five or more units rose by 1.6 percent over the month of June 2016 to a seasonally adjusted annual rate of 392,000. The month-over-month increase in June is the third consecutive month of recorded gains. Over this three-month period, the months covering the second quarter of 2016, starts of buildings with five or more units rose by 11.0 percent and the number of starts averaged 385,000 per month. The average number of housing starts of buildings with five or more units registered…
Market Pulse for August 2016
Michael Neal, a senior economist with the National Association of Home Builders (NAHB), gives commentary and data on interest rates, sales prices and more.
Rent Growth
Rents were up 5.6%, fell 30 basis points in June and was down 110 basis points from the recent high in October.
Top 10 NYC Multifamily Sales in June 2016
PropertyShark has compiled the data and we’ve got the priciest multifamily property deals recorded in New York City in June. Read on to find out how each borough performed: 1. Sales Price: $139,600,000 Known as The Hamilton, this Yorkville tower with 265 residential units transferred last month in an uncharacteristic move by high profile developer Glenwood Management. Crain’s New York reports that the new owner, Bonjour Capital, may invest an additional $20M in upgrading the lobby, gym, and other amenities, though union workers fear their wages may be cut in half by the new buyer. 2. 3418-3446 91…
Economy Watch: How Millennials Are Reshaping U.S. Cities
A new Avison Young report explains how Millennials’ preferences will have a deep, lasting impact on both commercial and residential development.
Yardi Matrix: Portland’s Promise
Broad-based job growth and a constant influx of Millennials have propelled
apartment rent increases in Portland to among the highest in the nation.
Yardi Matrix: San Antonio’s Investor Appeal
San Antonio’s multifamily market continues to be healthy, with the metro adding
jobs and households at an above-trend rate.
Yardi Matrix: Phoenix – Rise of the Silicon Desert
Phoenix’s multifamily market is on a roll as a consequence of its strong job market amid a population influx unlike any other in the Southwest.
Yardi Matrix: Jacksonville – Boomtown, USA
Jacksonville has enjoyed substantial population growth in recent years, benefiting from above-trend job gains and affordable housing.