If created with a little landscape licensing, one or several outdoor amenities can create a community within itself, turning a grassy flat spot into the heart and soul of an apartment community.
Featured Industry News and Data
The Federal Strategy on Bed Bugs offers hope that the government will soon be providing heavy artillery in the multifamily industry’s continuing war on bed bugs.
Occupancy has been in strong shape in Providence for more than three years, but rent growth levels remain pretty modest – following the pattern seen in most markets in the Northeast region.
Is the uncharacteristic slowdown in annual growth in effective rents for South Carolina’s Greenville/Upstate apartment market a big-picture inflection point in the pattern or just a one-off odd number?
Despite still-weak employment bases, the key markets in Southwest Florida – Fort Myers/Naples and Sarasota/Bradenton – continue to show surprising strength within the apartment sector. Both ranked among the nation’s top five for annual revenue growth as of 3rd quarter 2013. But can the hot streak continue?
The insurance company slogan goes, “you’re in good hands.” You know who else is in good hands? The multifamily industry. And I for one am thankful.
While select stats for 3Q didn’t quite match up to the results posted over the past couple of years, the Oklahoma City apartment market remains one of the better overall performing secondary apartment markets.
The Southern California apartment markets have been consistent laggards in the U.S. apartment sector’s boom over the last few years. But that may be changing, as the three core SoCal markets all notched year-over-year rent hikes above the U.S. average in 3rd quarter 2013.
High-performing property management employees stand out. But high-potential employees are harder to spot. And when we mistake a high-performing employee for a high-potential one, we are making a costly error in property management and risking the loss of real talent.
The St. Louis economy has yet to record any meaningful momentum coming out of the recession. And as a result, overall apartment stats remain unimpressive.
Look for occupancy and rent growth stats in metro San Francisco’s suburban apartment base to overtake the performance of the urban core during the next year or so.
Knoxville’s apartment market has seen significant volatility in recent years, but is showing some promise of late – posting strong gains in back-to-back quarters.
Recent trends suggest that the American Dream of owning a home is fading and a new one is emerging. It’s called leasing.
The apartment community that strikes the most even balance between the emotional connection between you and the prospect and the physical features about the apartment community itself will most likely get the lease.