Marcus & Millichap Announces Mission Capital’s 2021 Midyear Results

For 2021, here are our latest top misconceptions we’ve found that the public has about 1031 Exchanges.

Americans are on the move, and those moves are affecting rent prices in Illinois and around the country.

FOX BUSINESS FEATURES MARCUS & MILLICHAP’S PRESIDENT AND CEO HESSAM NADJI Post-Pandemic Cycle Accelerating, But New Tax Proposals Spark Uncertainty

Apartment demand rebounded in the nation’s gateway markets in the 2nd quarter, after fundamentals in these regions suffered throughout much of the past year.

History tells us that during recessions, multifamily housing production contracts moderately, rent declines are short-lived, and vacancies only increase briefly and by modest amounts.

Illinois will phase out its moratorium on evictions starting in August, 18 months after it took effect, and the same time a federal ban ends.

Right now, bigger isn’t necessarily better in net lease. During a COVID flight to safety, investors stayed away from portfolios. Those transactions decreased from 18% in the first quarter of 2020 to approximately 14.5% in the first quarter of this year, according to Marcus & Millichap.

Cap rates are facing significant downward pressure for many types of commercial real estate from apartments to self-storage facilities to hotels and industrial properties

Come together with fellow multifamily owners, investors, and developers as well as industry experts at the Marcus & Millichap / IPA Multifamily Forum: Chicago & the Midwest.

Increases in softwood lumber prices have raised the average rent apartment tenants would pay on new construction between April 17, 2020, and July 8, 2021, by $92 per month and $9,990 to the market value of a new rental unit, according to a new report by the National Association of Home Builders.

An estimated three out of four US renters don’t have a dedicated home office space, leading a third of current apartment-seekers to seek out an extra bedroom for remote work. And that translates into about $330 more in rent per month

The U.S. housing market appears to be straining under the weight of its own pandemic-driven success. Recent data shows the sector is returning from the stratosphere and coming back to pre-COVID levels, as evidenced by a slew of data released this week.

Join us at the Marcus & Millichap / IPA Multifamily Forum: Texas, as we bring the top multifamily owners, investors and developers to discuss the Texas apartment industry and its emergence from the pandemic.