Property Management News
Luxury: Anything conducive to physical comfort. The enjoyment of sumptuous living. — The American Heritage Dictionary of the English language, New College Edition, 1976 “Luxury isn’t just a word; it’s a way of life.” — Marketing tagline for Bainbridge The Grand, a 390-unit apartment community that opened in Orlando, Fla., in July 2024 Just about every multifamily project that BartonPartners has designed in recent years has marketed itself as a “luxury” property, says Bill Warwick, AIA, a Principal with the Philadelphia-based architecture and urban design firm. That includes Broad + Noble, a $112 million, 19-story building with 344 apartment units developed by Toll... Read more
A new law was recently signed by Governor Healey in Massachusetts that aims to protect tenants from the negative impact of eviction records. This law, part of the...
Across the country, the arrival of new units will affect occupancy, rental rates and operations in 2025. As we contemplate the opportunities in multifamily, we simply...
Finding an apartment in a major U.S. city for less than $1,000 per month has become more difficult lately, but in some metros, such as Oklahoma City and Pittsburgh,...
2024 marked a ‘return to normal’ for the multifamily industry. Rent prices increased by 1%, retention rates were above average, a record number of new units...
Key Takeaways Vacancy rates have leveled off for the first time in three years as apartment demand reaches its highest point since 2021. If demand continues to grow, landlords may gain more pricing leverage, potentially leading to rent hikes starting in 2025. Investors are returning to the apartment market, with transaction activity rising in cities like Denver, San Francisco, and Washington, D.C. According to WSJ, after years of rising vacancies driven by a historic construction boom, the U.S. apartment market is showing signs of recovery. The Bigger Picture For the first time in three years, vacancy rates are holding steady as demand has climbed to its highest levels since 2021. This... Read more
Los Angeles City Council members introduced a motion during a meeting Tuesday that would prevent landlords from raising rents or evicting people impacted by fires that...
The number of renter households grew 2.7% in the third quarter of 2024, the second biggest year-over-year gain since 2015. The number of homeowner households grew...
In 2023, multifamily investment volume sank from the weight of 11 interest rate increases between March of 2022 and July of 2023. Now it seems that a vibrant market is...
A group of 15 leading multifamily firms and commercial real estate industry groups has quickly banded together to support residents and rebuild Los Angeles following the...
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