Property Management News
LEED rent premiums average around 3.1%. LEED-certified multifamily properties are consistently nabbing higher rents than their non-certified counterparts, particularly in the wake of the COVID-19 pandemic. A Cushman & Wakefield analysis of two decades of CoStar data on Class A multifamily assets with 50 units or more note that between the first quarter of 2000 and fourth quarter of 2021, LEED rent premiums averaged 3.1%. Average rents for LEED assets peaked at 4.5% in Q4 2011 before moderating and then temporarily dropping to negative 2.1% at the beginning of the pandemic. But “the LEED premium quickly rebounded to typical levels (3.0%) by Q4 2021, suggesting resilience in pricing... Read more
Southern California’s car culture is changing, and developers and architects are laying the framework in their projects for a near future where there are fewer cars...
When US renters can compare the energy efficiency of houses or apartments, they are 21% more likely to choose an efficient one, a new study found. If prospective...
With the cost of living continuing to rise, people across the country are heavily thinking about cost-saving measures – including business owners and property...
Developers are considering the long-term capital benefit to increasingly energy-efficient multifamily buildings, though the uptake rate is still slow, according to...
As the Electric Vehicle (EV) market in multifamily charges up (yes, I am trying to be funny), there are a lot of articles about why you should install and what to consider. However, none of the articles I am reading seem to look into the future to answer “What happens when your 250 unit property has 100+ Electric Vehicles?” To go along with that question, here are several other questions or comments that may help you create a strategy to address this fast-approaching reality. Infrastructure related questions/comments: Can your community continue to easily add additional charger infrastructure (circuits, conduit, charging stand platforms, etc.) when needed or does each charger... Read more
Citing the climate crisis, the Los Angeles City Council voted Friday to ban most gas appliances in new construction, a policy that’s expected to result in new homes...
Americans are becoming increasingly worried about global warming, according to a study carried out by the Yale Program on Climate Change Communication. This increase in...
There are many ways to increase the net operating income (NOI) of your property. Across the country, property owners are searching for ways to increase their revenue...
A surplus of maintenance issues is expected on the first weekend of summer in multifamily communities so beat the calls and requests with this summer maintenance...
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