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Multifamily Economic Statistics – Demand Increase due to Household and Job Increase
The performance of multifamily assets can be explained by the underlying macroeconomic variables that determine rental housing demand. First, as GDP growth has been sustained and positive since 2011, total employment in the United States has surpassed new records...
Multifamily Market Statistics Part 2 – Class ‘A’ Leads Rent Growth, Class ‘B/C’ Leads Occupancy
As housing is a human necessity, renters will typically choose the highest quality apartment unit they can afford as close to where they work or go to school as possible. Thus, the dynamic between Class A and Class B/C apartments is as meaningful as any sub-class set...
Multifamily Market Statistics Part 1 – Rent Growth Fuels Supply Expansion
The nationwide growth in effective rents has been the catalyst of the boom in multifamily construction. This rent growth has averaged above 3% since the end of the recession. In fact, they have accelerated in 2015 with a growth of 4.7%, according to commercial real...
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