Although occupancy has fallen in both urban and suburban areas since the pandemic started, the impact has been more pronounced in the urban areas.
Tag Archives: Suburban
While COVID-19 has slammed many parts of the economy, suburban apartments are performing well for one company.
An online real estate database company just released new figures showing that renters’ preferred location is tiling toward the suburbs.
Latest posts by Randolph Taylor (see all)
- Record-low vacancy rates mean a good second half of 2022 for multifamily - September 24, 2022
- HUD Announces Increased Payment Standards, More Vouchers | National Apartment Association - September 24, 2022
- Higher-Income Renters Pay the Biggest Rent Hikes and are Least Likely to Miss a Rent Payment - September 23, 2022
If you own an apartment building in downtown Chicago, the grass looks a lot greener out in the suburbs right now. With developers adding thousands of apartments to the city skyline, the supply of downtown units is exceeding demand, dragging down rents. But that’s not the case in the suburbs, where development also has […]
The burst of investment activity suggests that the suburban Chicago apartment market is still going strong after a record year for multifamily sales in 2016. Suburban rents are rising at a slow, steady pace, and developers haven’t gotten carried away with new projects, giving investors the confidence that they will continue to generate attractive returns by buying apartments here.