It’s all about changing market conditions in this week’s collection of the top multifamily reads. With 1Q commercial/multifamily borrowing up from a year ago, investors are still actively searching for upside potential in commercial real estate. Much of this is driven by where young renters are choosing to lives, so an examination of the top suburban markets for where Millennials are moving is timely. Multifamily Executive has also put together a list of the Top Rental Markets for Millennials that takes into account commute time, school rankings and median rents. Of course, in ten years, those commute times could be much shorter thanks to self-driving cars and their potential to alleviate traffic.

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1Q Commercial/Multifamily Borrowing Up 9% from Year Ago

via Mortgage Bankers Association – May 4, 2017

“MBA said a rise in originations for healthcare, industrial and multifamily properties led the overall increase in first quarter commercial/multifamily lending volumes compared to a year ago.”

 

The 25 Suburbs Where Millennials Are Moving

via Time – May 3, 2017

“Thousands of millennials are moving to the suburbs of Riverside, Calif., San Antonio, Texas and Orlando, Fla. The burbs of those three metro areas saw the greatest growth in the number of adults aged 25 to 34 between 2010 and 2015.”

 

Best ZIP Codes for Millennials to Rent

via Multifamily Executive – May 3, 2017

“What’s so special about Milwaukee? Besides its famous breweries, the Midwestern city is home to the country’s top rental market for millennials, according to HomeUnion, an online real estate investment management firm.”

 

How Self-driving Cars Will Profoundly Change Real Estate

via CNBC – May 2, 2017

“Driverless cars could make these parking lots a relic of the past and save on costs. Some architectural companies are already preparing for the obsolescence of the parking garage.”

 

Is a Recession Near?

via Axiometrics – May 2, 2017

“As the slow recovery from the Great Recession nears the end of its eighth year, many people are starting to wonder when the U.S. economy may next go into recession, and how that might affect the apartment market.”\

 

MIT Researchers Create a Robot That Can 3-D-print a Building in Hours

via Builder – May 2, 2017

“The technology is still in its infancy, but it could greatly change the way buildings are produced. The goal of the MIT team was to create a robot and a building process that mimicked the way things are built in nature.”

 

How Amazon Echo and Other New Tech Could Transform the Renter Experience

via U.S. News – April 28, 2017

“If initial experiments and trials are successful, renters throughout the U.S. could be seeing smart-home technologies like Amazon Echo and after-hours concierge chatbots turn an apartment rental into a personalized experience aimed at maximum convenience.”