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New York-based Reis says that apartment vacancies have hit record highs and will move higher. Conversely, RealFacts, a Novato, Calif.-based apartment data provider, saw occupancies rise in 29 of the 33 MSAs it covered in its third-quarter report. Neither of the conflicting reports, however, indicates when rents will stop their downward slide.
Young professionals keep this North Carolina city's multifamily community looking ahead.
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MULTIFAMILY EXECUTIVE Senior Editor Chris Wood rounds up interesting and intriguing news tidbits. This week’s quirkifications: furballs, floaters, and $6,300 rent cuts.
Greenwich, Conn., gets hammered by job losses but short- and long-term demographics bode well for the city's apartment market.
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For months, apartment marketers dare not even use the word luxury to attract rent prospects that were entirely price-driven, counting every cent and cross-shopping every concession. But recent community lease-ups seem to indicate that amenities are becoming front-of-mind to rental prospects again, who, although still extremely cost-conscious, are seemingly open to a larger sales efforts incorporating the full lease value of products and services made available at apartment communities.