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Demand is strong across the metro, as Millennials continue to move into well-located, modern apartments, pushing rent growth to its highest rate in two years.
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Employment: MARCH 2019
Low Unemployment Fuels Housing Demand, Favors Apartments
Continue reading "Low Unemployment Fuels Housing Demand, Favors Apartments"
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If rent control solved the workforce housing crisis, it would have been the law of the land long ago.
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Multifamily developers don’t know what to expect when it comes to budgeting for materials prices.
Apartment developers continue to be stressed by the unpredictable cost of construction materials.
Overall, materials prices keep rising faster than inflation. But what’s worse is that prices for individual construction materials are unpredictable from month to month. The price of lumber and diesel fuel has fallen sharply, for now. But new policies from the U.S. government continue to jolt the markets, from possible sanctions on oil-producing countries like Venezuela to government tariffs on imported steel. Continue reading "Volatility in Construction Materials Pricing Is Putting Strain on Multifamily Developers"
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Developers continue to crank out apartments by the thousands in downtown Chicago, but demand should be so strong that the market can handle it, according to a new forecast.
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Have an opportunity to expose your property to this vast investment capital pool through Marcus & Millichap's booth and event presence at MIPIM.
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Marcus and Millichap closes more real estate investment sales than any other brokerage firm—over 60% of which involve a 1031 Exchange. Our leading market position, coupled with extensive investor relationships, gives us access to the largest pool of qualified buyers, including exchange buyers.
We don’t just market properties; we make a market for each property we represent. Our innovative communications network (MNet) allows us to present your property to more qualified investors than any other Broker. The process is orchestrated to maximize a competitive bidding environment to proactively solicit higher sales prices for your property.
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Continue reading "Marcus and Millichap National Property Marketing & Advertising"
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In the current cycle, property fundamentals are strong enough to withstand a shock to the system.
Even if there is an economic downturn in the near future, the apartment sector is likely to hold up, according to industry experts. Continue reading "The U.S. Apartment Sector Would Continue to Remain Strong Even in a Recession"