What does a shortage of single-family residential properties mean for the multihousing industry? A just-released report from Freddie Mac says the nearly-decade-long period of low residential property building is resulting in more demand for existing multihousing and other solutions for those seeking housing. The inadequate supply of housing is due, Freddie Mac says, to increasing […]
Multifamily market rent declines in November reflected the normal seasonal fluctuation, are no cause for alarm, and demand remains strong, according to YardiMatrix’s Multifamily National Report (November 2018). “Multifamily rent growth in 2018 stands at 3.1%, higher than most estimates coming into the year. Rents have stalled in the fourth quarter, a typical pattern, declining […]
Oh, those millennials. They are so rebellious, so early-adopting, so downright innovative that it gets hard to keep up when you’re trying to build housing to attract and keep millennials. Born between the early 1980s and the early 2000s, millennials have been known for their tendency to veer away from the choices of preceding generations […]
The $222.5 million sale of Coast at Lakeshore East led a stellar year of multifamily transactions for Chicago that topped $3.5 billion, according to a new article in Multi Housing News. Morguard North American Residential purchased the 45-story 515-unit, LEED Silver certified property from Magellan Development Group. The sale highlighted a year in which supply […]
Following two-quarters of growth, commercial real estate transaction volume dipped slightly to $117.4 billion in Q4 2017, according to Ten-X Commercial’s latest Commercial Real Estate Volume & Pricing Trends report. Citing data and analytics company Real Capital Analytics, Ten-X said in a news release dated Feb. 27. 2018, that the figure represented a 0.5% decline from the […]