This week’s top multifamily developments highlight how rent prices continue to rise as demand and amenity offerings grow. First, Real Capital Analytics reports on data that illustrates the consistent price growth in the apartment sector. Next, National Real Estate Investor provides a glimpse of the features that are most important to renters. Property Management Insider then delves into the factors that are contributing to an increased demand for new, affordable apartments — population growth and an increasing propensity to rent are two major drivers. Then, the varying value of amenities in various markets is explored by Property Management Insider. Finally, Axiometrics examines the expected rent growth of the Raleigh-Durham apartment market, and the dynamics that are influencing the price increases.

image of apartment building

US Prices Rise 1.2% in October, RCA CPPI Report Shows

Real Capital Analytics – Nov. 22

“Price growth for apartments has been the greatest among the property types for the majority of 2017.”

What Apartment Renters Want

NREI – Nov. 21

“The most attractive features of an apartment unit to renters turn out to be good management, good cell phone reception and a rent that feels reasonable.”

NMHC is Up for the Challenge of Meeting Apartment Demand

Property Management Insider – Nov. 21

“Today, more than one-third of America rents, and industry analysts believe more apartments will be needed in the future just based on population growth and higher propensity to rent.”

Benchmarking Amenities to Determine Their True Value and Price

Property Management Insider – Nov. 22

“Depending on the market, a community feature can bring $15-$80 in additional rent per month, according to a National Apartment Association study released earlier this year.”

Raleigh-Durham Apartment Market Poised for Rent Growth Rebound

Axiometrics – Nov. 21

All the indicators are there for strengthening performance in the Raleigh-Durham apartment market: increasing Research Triangle job growth, declining supply (next year), improving Class A rent growth (in Raleigh) and a young-adult-fueled atmosphere with all those colleges around.”

 

By | 2017-12-14T19:47:23+00:00 November 24th, 2017|Blog|0 Comments

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