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As the Vacancy Rate Rises, Rents Are Poised to Fall

Pro Builder

And in Las Vegas, the median lease was 5.7% Read more Build to Rent Affordability Housing Markets Affordability Riverside, CA, saw rents fall 10.9% in April versus a year ago, resulting in a median rental cost of $2,123. lower than in 2022, settling at a mere $1,509.

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Single-Family Rental Prices Jump at the End of 2021

Pro Builder

As sellers take the upper hand in a competitive housing market, landlords are also set to end the year on a high note thanks to a steady increase in new lease effective rents during the final months of 2021. Record-high 18% same-home new lease rent growth. In aggregate the SFR REITs reported in 3Q21: 98% same-home occupancy.

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Single-Family Rental Sector Gains Exceed Expectations

Pro Builder

John Burns Real Estate Consulting’s Single-Family Rent Index tracks 63 markets and found lease effective rates up 6% year-over-year in July, with the historical average being 3%. The SFR REITs combined portfolio is concentrated in four markets (Atlanta, Phoenix, Tampa, and Las Vegas) where leasing demand has been very high.

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Update: Vegas Raiders Stadium Rent Control Deal

Construction Equipment

Monday, Sheldon Adleson, a chief financial backer for the domed stadium to house the Oakland Raiders when/if the team moves to Las Vegas, withdrew his support for the project. The proposed lease agreement presented Monday would have the Raiders pay just $1 a year for 30 years to rent the 65,000 seat facility.

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Industry Focus – Retail: Less Than Six Degrees of Separation

Buisness Facilities Contributed Content

Appointments are now being scheduled for ICSC’s RECon in Las Vegas, May 22-25. Over the next two years, we will see a large number of high profile lease renewals as many national tenants reach the end of their 10 year leases that were established during Branson’s last major expansion in 2006 and 2007.”.

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Are You Ready for Build to Rent?

Pro Builder

More builders and investors are testing the waters of the single-family build-to-rent sector as consumers seek affordable housing options and to lease rather than buy. There are billions and billions of dollars out there to finance homes that can be leased as fast as they can be built.”. Are You Ready for Build to Rent?

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2023 Nationals Winners: Home Building Sales and Marketing Magicians

Pro Builder

—D.K. Lucy Hudson, Holly Pulliam, Kevin Cui, and Chelsea Davis Sales Team of the Year—Leasing—Gold Award The Marketing Directors New York How do you succeed when you and your marketing team colleagues are all new to one another and you’re working on a new leasing project in a neighborhood that’s not familiar to any of you?

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