Multifamily housing demand remains strong. Given rising mortgage rates and home prices, people may be forced to rent for longer due to decreasing affordability.
Tag Archives: multifamily
Market Trends
Off-Market Multifamily Sellers Are Leaving A Ton Of Money On The Table
Marketing a property can increase the sale price by up to 23%, which runs counter [...]
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Market Trends
The Dangers of Selling Commercial Property Too Late
There are a number of reasons why people sell commercial property too late including Complacency, [...]
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Market Trends
Selling an Apartment Building FAQ’s
Are you thinking of selling your multi-family property? Here are some of the most frequently asked [...]
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Market Trends
If You’re Hesitant To Hire A Broker For Your Multifamily Property Read This
The most important benefit of exclusively listing your property with a broker is representation. [...]
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Market Trends
Should I Sell or Should I Hold? When is the best time for asset repositioning?
It doesn’t really matter what the current real estate market is like if you are [...]
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Market Trends
Multifamily sellers: How to qualify a buyer before going under contract
As the seller of a multifamily asset, it’s crucial that the buyer you select is [...]
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Market Trends
Why Should I Sell My Multifamily Property?
There are a number of reasons why people decide to sell their multifamily property, but [...]
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Tenants are moving to the suburbs in droves, according to CoStar’s latest apartment report, and downtown landlords are cutting rents.
A pair of recent reports, one from CoStar and another from Real Capital Analytics (RCA), show that multifamily property continues to see price increases despite the pandemic.
Multifamily deals are seeing a surge right now, despite COVID challenges. Multifamily investors need a good formula to make the due diligence go smoothly.
Although occupancy has fallen in both urban and suburban areas since the pandemic started, the impact has been more pronounced in the urban areas.
This is a 2.4-percentage point, or 279,457-household decrease from the share who paid rent through September 13, 2019, and compares to 86.9 percent that had paid by August 13, 2020.
After COVID-19 hit in the second quarter, the balance changed, shifting to lower-density markets, including exurbs of large metros and smaller metropolitan areas
The cap rates for small multifamily properties barely budged between the first and second quarters of 2020, according to a new report by Chandan Economics and Arbor Realty Trust.
The national shift toward remote work is shifting rental demand from urban areas to suburban areas, as many workers across the country look for more space at a lower cost, according to a new report from Marcus & Millichap.
Freddie Mac and Fannie Mae are on track to lend nearly as many dollars to apartment properties in 2020 as they did in 2019.
It’s easy to hit your numbers when times are good. But for multifamily pros navigating the fallout of COVID-19, 2020 has been about finding ways to maximize net operating income (NOI), even when times are tough.
The National Multifamily Housing Council reported that 79.3 percent of surveyed households made a full or partial rent payment by August 6. That’s slightly better than last month’s 77.4 percent, and just shy of the August 2019 level of 81.2, according to NMHC’s Rent Payment Tracker .
While COVID-19 has slammed many parts of the economy, suburban apartments are performing well for one company.
If you live in a property covered by the CARES Act, landlords can now legally ask you to leave and start charging late fees, but the soonest they can legally file an eviction to force you to leave is Aug. 24.
An online real estate database company just released new figures showing that renters’ preferred location is tiling toward the suburbs.
Multifamily real estate has proved its mettle as a top-performing asset class. A big part of its recession-resistant nature lies in the resilience of housing and the basic need for shelter.
The low rate environment continues to make it a good time to refinance apartment properties, assuming you can find a lender willing to cut a deal.
Marcus and Millichap is pleased to present to market this very well maintained and upgraded four-unit multifamily property in DeKalb, Illinois.
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 91.3 percent of apartment households made a full or partial rent payment by July 20 in its survey of 11.1 million units of professionally managed apartment units across the country.
With strong rent collections reported on the local and national levels, multifamily has fared better than other asset classes during the COVID-19 pandemic.
Join the Marcus & Millichap Multifamily Forum Southeast: Online Conference in a re-imagined, all-digital, online conference format. Spanning ten days from July 7 through July 16
In the apartment world, now might be the time of the little investor. Regional Players Win Deals While Using Localized Knowledge to Their Advantage
Developers will likely delay starting new apartment projects until they see strong employment growth.
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 89.0 percent of apartment households made a full or partial rent payment by June 13 in its survey of 11.4 million units of professionally managed apartment units across the country.
With some unemployment benefits from the CARES Act set to expire at the end of next month, industry groups are pushing for more federal aid.
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.8 percent of apartment households made a full or partial rent payment by June 6 in its survey of 11.5 million units of professionally managed apartment units across the country.
Reported by John Chang, Director of Market Research – Marcus and Millichap
An in-depth look at the impact the Global Health Crisis has had on apartment and manufactured housing communities performance and investment trends. Insights on how the eventual recovery will reshape the housing landscape.
Downtown Chicago Rents Have Suffered While Suburban Markets Were a Mixed Bag
Near-term outlook for apartment fundamentals. Initiatives to support the industry. Apartment sales/trading trends. Financing update and outlook. How transactions are getting done.
THE RENT STRIKE IS GAINING MOMENTUM: What you need to know about legislation proposals in various states. How this proposed legislation will impact multifamily owners nationwide. How can you mitigate the risk?
Nearly half of multifamily mortgage debt outstanding is backed by the federal government and, thus, stands to benefit from the CARES Act and recent actions from the Federal Reserve.
Most Up-to-Date Economic Assessment, Government Initiatives and Potential Impact, State of the Real Estate Financing and Transaction Markets, Challenges and Opportunities by Property Type
The newest development migrating toward luxury, Class A apartment deals because higher rents are required to achieve a return on investment.
The number of Chicago-area renters earning $75,000 or more rose 38.8% between 2010 and 2018, says a national report from the Harvard Joint Center for Housing Studies.
New development is expected to exceed anticipated demand for the first time in years. Wage growth does not seem to be keeping pace with rental price increases and certainly, rent control measures could significantly impact investment – especially in the value-add segment of the market.
Leasing activity sustains momentum, supported by record low unemployment. Low interest rates and strong performance trends support investment activity, but investor caution remains elevated.
Lower interest rates are helping offset rising labor and materials costs and helping sustain apartment construction levels.
Multifamily investors are now more likely to spend their money on properties in secondary and tertiary markets rather than in primary markets.
In this live, interactive webcast, leading real estate experts will highlight select assets available for investment and discuss how emerging trends could influence multifamily real estate investing over the long term.
Just Sold 18 Unit Multifamily Property South Suburban Chicago IL – 18 Unit Multifamily Property Sold – 12 Two-Bedrooms/6 One Bedrooms, Exclusively Listed and Sold by Randolph Taylor with Marcus & Millichap, Located in South Suburban Chicago Blue Island, IL
Join Marcus & Millichap for Mastering the Markets, our exclusive 2020 forecast webcast series. These live property-specific webcasts will each focus on the unique relevant trends while also featuring currently available investment opportunities.
Multifamily properties are experiencing record occupancy in the face of record construction. What’s driving the exceptional demand for multifamily housing? And can it be sustained? The shifting economic and demographic landscape could deliver new challenges for multifamily investors, but with change comes opportunity.
Randolph is a Multifamily Investment Sales Broker with eXp Commercial servicing Multifamily Buyers and Sellers in the Greater Chicago Area.
Latest posts by Randolph Taylor (see all)
- New Listing Indian Creek Apartments 1015-1025 N Farnsworth Ave Aurora IL 60505 - September 17, 2023
- Cooling Future Deliveries Set the Stage for a Rent Growth Comeback - September 11, 2023
- Price Gap Between Rent and Home Ownership in Chicago - August 6, 2023
Marcus & Millichap has announced the sale of a 24-unit apartment property located in Aurora, Ill. Randolph Taylor, an Associate, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the local seller and also represented the 1031 exchange buyer.
Rent Control reduces the supply of rental units, increases prices for properties not covered and prevents those most in need from benefiting.
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.
84 Unit Multifamily Property For Sale.
Condo Quality Construction.
All 2-Bed / 1-Bath Units with Dining Room.
90 Percent Updated Units.
Tenant Paid Electric Baseboard Heating & HW.
Very Well-Maintained / Long-Term Ownership.
It may sound like bad news for the apartment sector: rent growth may stay relatively flat in the second half as vacancies and interest rates climb. But multifamily analysts insist the sector is going to remain strong over the long-term as investors search for properties to buy.
Multifamily Sales Continue to Trend Downward in City, While Suburban Sales Volume Sets New Record
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