Ivan Kaufman’s Blog 2017-07-19T16:32:21+00:00

Ivan Kaufman’s Real Estate Blog

Weekly Roundup | July 14, 2017

This week’s review of the top multifamily news stories starts off with a look at the rise in apartment demands at major metros. We’ll also examine the shift in student housing market, rising rents in senior housing and the Top 10 cities for millennials.

Photo by Emmad Mazhari on Unsplash

Photo by Emmad Mazhari on Unsplash

Top 15 Metros for Apartment Demand in 2Q

via MPF Research – July 10, 2017

“National multifamily absorption rose to near-record levels in 2nd quarter 2017, easily outpacing completions. A similar story played out in most major metros, which saw strong demand due to a number of factors.”

 

Student Housing Investment Spreads to Smaller Markets

via Axiometrics – July 13, 2017

“While the volume and value of apartment transactions have declined significantly from last year’s record levels, student housing investment continues to flourish as more and more investors discover the potential return in the off-campus housing sector – in markets of all sizes.”

 

How an Aging Population Impacts Seniors Housing Rent Growth

via ALEX Chatter – July 13, 2017

“It is no secret that the U.S. population is aging. From 2010 to 2015, the US population grew 3.9%, but the population of those over 60 grew 16.7%. This means that the under 60-year-old segment grew only 1.0%. Put in different terms, the percent of the U.S. population at or above 60 years old went from 18.6% to 20.9% in just five years.”

 

Apartment Vacancy Rates Remain in Low Single Digits in Gateway Markets

via National Real Estate Investor – July 11, 2017

“The strongest four markets in the country—New York, San Francisco, Los Angeles and Boston—seem almost impervious to shifts in new supply.”

 

The 10 Best Cities For Millennials In 2017

via Forbes – July 11, 2017

“If you’re a millennial thinking about moving to a new city, you’re likely mulling over its job market, cost of living and tendency for sunny days. But perhaps you’re also considering whether a city has a vibrant, diverse community.”

Weekly Roundup | July 07, 2017

This week’s review of the top multifamily news stories starts off with a look at the rise of amenities aimed at making everyday life easier for older renters seeking to age in place. As covered in a recent Arbor webinar on senior housing trends, ride sharing services and grocery deliveries are enabling older renters to remain comfortable in an independent living setting longer than ever before. We’ll also examine the Top 10 markets for rent growth year-over-year as of May courtesy of Yardi Matrix data, learn about the relationship between small apartments and workforce housing affordability, and get a view of a future with human-free, drone-operated construction sites.

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Rise of Aging-in-Place Amenities in Multifamily

via Property Management Insider – July 6, 2017

“While apartment designers have splashed on the amenities to attract younger renters, home builders and remodelers are placing more emphasis on simple functionality so older residents can get around their habitats easier for years to come.”

Top 10 Markets for Rent Growth

via Multi-Housing News – June 29, 2017

“Here are the 10 markets that, despite the nationwide trend of deceleration, have had the greatest year-over-year rent growth as of May 2017.”

The Role of Small Apartment Properties in Workforce Housing Affordability

via ALEX Chatter – July 7, 2017

“The growing lack of affordability within U.S. rental housing has led to the creation of new loan programs aimed at strengthening and preserving the existing stock of multifamily that’s affordable for the workforce. It turns that a large portion of housing suitable for the workforce is found in smaller apartment properties.”

Expect Human-Free Drone-Operated Construction Sites by 2050

via Bisnow – July 6, 2017

“Unlike industrial automation, where machines do the work for humans — resulting in the elimination of jobs — smart tech and remote-operated machinery will still require human operators behind-the-scenes to teach the tech the nuances of construction work.”

3 Strategies for Maximizing Resident Satisfaction

via Multifamily Executive – July 6, 2017

“To stay competitive, owner–operators must have a strategy for constantly incorporating new amenities, providing top-of-the-line service, and maintaining a strong sense of community for their residents.”