Rent Growth
Seattle, Sacramento and Portland achieved the most significant rent growth, with all three markets seeing gains in excess of 11%. Phoenix and Atlanta followed with year-over-year growth in the mid-8% range. Conversely, San Francisco, Denver and Houston continued to decelerate.
NAA Report: Solutions for Affordable Housing
Key housing industry players explored solutions for the affordable housing crisis as government programs struggle with growing demand.
Top 10 NYC Multifamily Sales in May 2016
Check out the latest data from Property Shark and discover the priciest multifamily apartment deals in NYC recorded in May 2016. Find out the one borough which managed to put up a fight against Manhattan, who some of the top deal makers were, and what the kings of New York real estate are buying up now. 1. Sale Price: $75,400,000 Buyer: US-Dev Associates II LLC Seller: 85 East 10th and 112-120 East 11th Street LLC Part of a larger $127M deal which incorporates 6 East Village buildings, this property is slated for new development. New owners, Lightstone, are expected…
Market Pulse for July 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 10.7 percent to a seasonally adjusted annual rate of 373,000. After averaging 343,000 on a seasonally adjusted annual rate over the first three months of the year, the number of these starts recorded in April is nearer to the levels recorded in both November 2015, 379,000, and December 2015, 378,000. Relative to all starts, single-family, two to four unit buildings, and five or more unit buildings, five or more unit buildings account for 32 percent of…
Economy Watch: Inflation Sees Uptick, Rents Surge
The latest BLS report showed continued rent growth as most markets are still experiencing pent-up demand and still-weak supply.
Rosemary Goss: Turning Out Talent at Virginia Tech
How Virginia Tech’s Rosemary Goss achieves 100 percent job placement for her students.
Economy Watch: CRE Set to be Upended By New Tech
Innovations in material science, construction technology, building operating systems and finance are set to upend the commercial real estate market, delivering higher performance, lower cost but also a reconfigured marketplace.
Yardi Matrix: Washington, DC’s Widespread Growth
Fueled by a healthy employment landscape and an increasing population, Washington, D.C., offers its multifamily sector plenty of positive attributes.
Yardi Matrix: Philadelphia’s Growth Story
The demand for apartments continues to rise in the City of Brotherly Love, driven by positive economic and demographic trends.
Yardi Matrix: Denver’s Growth Conundrum
An influx of Millennials and strong job growth have propelled apartment rent increases in Denver to among the highest in the nation—but that growth may be hitting a wall as a result of the heavy development pipeline.