Rents: Page 3

  • Closeup of Florida map
    Image attribution tooltip
    KeithBinns via Getty Images

    Is the Florida market cooling off?

    After experiencing rent increases of 30% over the past couple of years, some Sunshine State metros are softening.

    By Sept. 27, 2022
  • The Phoenix skyline.
    Image attribution tooltip
    Kruck20 via Getty Images

    Rent growth normalized month to month in August

    Asking rents rose 0.4% last month, a large drop from the previous August but slightly above historical summer growth.

    By Sept. 20, 2022
  • Crane and building under construction against blue sky Explore the Trendline
    Image attribution tooltip
    unkas_photo via Getty Images

    Multifamily Construction

    Despite a range of challenges, apartment developers are getting creative to keep the construction pipeline flowing. 

    By Multifamily Dive staff
  • Aerial shot of an apartment property with a pool and trees in the clubhouse.
    Image attribution tooltip
    Permission granted by The Bainbridge Cos.

    Will resident events pick up in 2023?

    As one management firm looks to ramp up on-site activities, it is also carefully adding new technology.

    By Sept. 9, 2022
  • Aerial shot of white, high-rise apartment building.
    Image attribution tooltip
    Permission granted by Hines

    Hines makes second-largest purchase in South Florida history

    After tracking Gables Station since February, Hines closed on the property in July after another buyer dropped out.

    By Sept. 9, 2022
  • A mid-rise apartment building behind a lake.
    Image attribution tooltip
    benedek via Getty Images

    Rent growth fell in August

    Yardi expects a slowdown through the end of 2022, though YOY rent growth remains high at the national and metro levels.

    By Sept. 8, 2022
  • The rooftop clubhouse of a modern apartment building.
    Image attribution tooltip
    Permission granted by Hunter Kerhardt

    New Greystar luxury tower takes design cues from neighboring church

    The $100 million 525 Olive is San Diego's highest residential building, according to the developer.

    By Aug. 30, 2022
  • The skyline of New York City
    Image attribution tooltip
    Sean Pavone via Getty Images

    NYC landlords pay $4M total to settle rent control, kickback allegations

    The 29 companies were involved in a scheme to deregulate rent-stabilized apartments, according to the state’s attorney general.

    By Aug. 26, 2022
  • Key in the door lock in front of an apartment living room
    Image attribution tooltip via Getty Images

    Apartment deliveries hit 50-year high

    New York City passes Dallas in completions as new openings rise around the country.

    By Aug. 24, 2022
  • Brown, two-story apartments in Florida surrounded by palm trees and cares.
    Image attribution tooltip
    Permission granted by Odyssey Properties Group

    Odyssey Properties acquires 304 units in Florida

    The Los Angeles-based firm bought two properties for $53 million.

    By Aug. 22, 2022
  • Brown, two-story apartment buildings with grass in the foreground.
    Image attribution tooltip
    Permission granted by Excelsa Properties

    A slowing market may allow this owner to make more deals

    As rising rates weed out some buyers, Excelsa sees the opportunity to make acquisitions.

    By Aug. 22, 2022
  • Four-story red brick apartment property with balconies.
    Image attribution tooltip
    Permission granted by Carbon Cos.

    Migration is only one driver behind strong leasing in Texas

    In leasing 110 apartments in one month at a North Texas property, Carbon Cos. sees residents come from a variety of places.

    By Aug. 18, 2022
  • A sign on a wooden post reading "APARTMENT FOR RENT."
    Image attribution tooltip
    Blacqbook via Getty Images

    Freddie Mac: Over half of tenants saw rising rents in the past 12 months

    Of the renters with higher costs this year, almost 20% reported they are extremely likely to miss a payment.

    By Aug. 18, 2022
  • An empty apartment room with three people inside. One is showing the contents of a folder to another, while the third is walking across the room.
    Image attribution tooltip
    sturti via Getty Images

    New prospect traffic, applications slow

    A corresponding increase in vacancies is reducing upward pressure on prices, according to MRI Real Estate Software.

    By Aug. 15, 2022
  • Apartment property next to a body of water.
    Image attribution tooltip
    Permission granted by Venterra Realty

    Why one executive says revenue growth is unsustainable

    Property values may fall, Venterra Realty’s John Foresi says, but the long-term outlook is still in multifamily’s favor.

    By Aug. 12, 2022
  • A large glass enclosed balcony with a small sofa, tables and various home decor.
    Image attribution tooltip
    Marcus Lindstrom via Getty Images

    Rent growth deceleration picks up steam in July

    Price increases are moderating against a slowing economy, but rents remain high against historic trends, according to Yardi and RealPage.

    By Aug. 11, 2022
  • Apartment building with palm trees and a pool in the foreground
    Image attribution tooltip
    Permission granted by Fogelman Properties

    Why it’s harder to find value-add properties

    Memphis, Tennessee-based Fogelman Properties has ramped up its buying engine, but it has to look hard to find deals.

    By Aug. 8, 2022
  • A series of windows and balconies on an apartment building.
    Image attribution tooltip
    Chunyip Wong via Getty Images

    Freddie Mac expects multifamily contraction through the end of 2022

    Macroeconomic headwinds include inflation and rising Treasury rates.

    By Aug. 3, 2022
  • Sen. Raphael Warnock at a podium.
    Image attribution tooltip
    Elijah Nouvelag via Getty Images

    Georgia senator introduces legislation to bolster military housing nationwide

    Raphael Warnock proposed a series of bills to address the Basic Allowance for Housing, increase homeownership and build more homes for service members.

    By Aug. 2, 2022
  • Picture of three-story, brown and white apartments with a pool in the foreground.
    Image attribution tooltip
    Permission granted by Magma Equities

    Why one apartment owner is betting on North Carolina

    As Magma Equities secures more deals, it’s able to unearth more buying opportunities.

    By July 26, 2022
  • Young couple looking for apartment
    Image attribution tooltip
    gremlin via Getty Images

    It costs nearly $4,000 to replace a resident when they leave

    Property managers say they must forgo lost rents and give away concessions when a renter departs.

    By July 19, 2022
  • House model on wood table
    Image attribution tooltip
    sommart via Getty Images

    LIHTC expiration affects deeply affordable properties the most

    When income restrictions are removed, units affordable to people making 30% of area median income disappear.

    By July 19, 2022
  • Image attribution tooltip
    Drew Angerer via Getty Images

    Rent hits new highs, but rent growth slows

    Although the rate of rent growth is decelerating, the national average asking rent rose to $1,706 in June, according to Yardi Matrix.

    By July 18, 2022
  • Overhead view of apartment complex
    Image attribution tooltip
    Permission granted by Trion Properties

    One owner sits at 99.5% occupancy at some properties in Miami

    Seeing strong fundamentals, Trion Properties is still buying despite capital market volatility.

    By July 15, 2022
  • low-rise red apartment building
    Image attribution tooltip
    Andrey Sayfutdinov via Getty Images

    After leaving the tax credit program, many properties see modest rent increases

    Generally, former Low-Income Housing Tax Credit apartment communities remain affordable to those making 60% of AMI, according to Freddie Mac.

    By July 12, 2022
  • A modern, mid-rise apartment building with a blue and yellow paneled exterior.
    Image attribution tooltip
    Sundry Photography via Getty Images

    RealPage economist: Rent growth likely to moderate in the second half of 2022

    Current growth rates are not sustainable in the long term, according to Jay Parsons.

    By July 8, 2022