Multifamily housing demand remains strong. Given rising mortgage rates and home prices, people may be forced to rent for longer due to decreasing affordability.
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.
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 .
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.
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 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.
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.
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.
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.
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?
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
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.
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.
- 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.
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.