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Higher-income renters continue to drive what’s getting built and leased in the multifamily sector

BD+C

Starts of buildings with five or more housing units rose from December 2018 through December 2019 by 74.6% to a seasonally adjusted annual rate of 536,000, according to preliminary Census Bureau estimates. At the end of that period, the number of multifamily housing units under construction was up 7.3% to 177,000.

Income 102
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What’s Driving Record Growth in the Rental Market?

Pro Builder

A record 700,000 apartments were leased last year, more than double the five-year average, while leases in Q1 2022 were double the number reported in Q1 2021, according to John Burns Real Estate Consulting. Household incomes also rose 10% year-over-year in April 2022, helping to keep rent-to-income ratios below 30% nationwide.

Income 97
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Phases of Commercial Real Estate Development

Construction Marketing

Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. This can be done through a purchase or lease agreement. To Lease or Sell?

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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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Apartment Trends Taking Over 2022

Pro Builder

We’re beginning to see more innovative digital options that are enabling residents to “self-lease” such as upgraded virtual tours, consumer relationship management technology, AI leasing assistants and automated income validation. Build to Rent. Design Best Practices.

Leases 52
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Preparing Your Business for a New Buyer

Wolgast Corporation

He can close the doors, walk away, and lay off his staff of 25, he can sell the business and the building to an interested party and use the money to supplement his retirement savings, or he can find someone who wants to buy the business and then lease the building to him or her, keeping rental income for continual cash flow.

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Demand for Three-Bedroom Rentals on the Rise in a Shifting Market

Pro Builder

While pre-sales offer some wiggle room for builders to adjust their strategies to incoming demand, many for-sale builders are leaning away from pre-sales in the midst of a strained supply chain with unpredictable lead times and material shortages. What is driving the demand for three bedrooms over two? One theory is cost.

Leases 52