This week’s news pieces feature a mixture of commercial real estate topics including the impact of new supply, luxury apartments and the draw of single-family rentals. First, MBA predicts how the industry will continue to change in the future with insightful contributions from MBA Vice President, Jamie Woodwell. Then, NREI states that while apartment demand is expected to remain strong, it may not be able to keep pace with the addition of new supply. Real Page explains the difference in Class A and Class B properties when it comes to renter turnover. Next, Curbed highlights the importance of single-family rentals in meeting evolving consumer preferences. Finally, NREI concludes with an overview of America’s most prosperous cities and which factors influenced the results.

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 Predicting the Evolving Future of Commercial Real Estate

Mortgage Bankers Association – May 23, 2018

“I think it’d be a mistake to assume the mortgage world will be the same 10 years from now.”

 Apartment Market Weathers the Storm of New Supply

NREI – May 22, 2018

“Demand remains strong, but the number of new apartments opening has been trending higher than the number of apartments absorbed.”

 Luxury Apartments Hold Onto Fewer Renters at Lease Expiration

RealPage – May 22, 2018

“When leases for Class A apartments reached expiration in calendar 2017, 52.6% of the households opted to move. In comparison, 48.9% of the residents in Class B apartments moved at lease expiration.”

 Wall Street’s New Housing Frontier: Single-Family Rental Homes

Cubed – May 18, 2018

“Because the homes they bought are highly concentrated in areas affected by the foreclosure crisis, these companies could have an outsize impact on individual cities and specific neighborhoods.”

 A Look at America’s 20 Most Prosperous Cities

NREI – May 24, 2018

“The firm looked at the magnitude of proportional changes that affected their population, median income, home values, share of inhabitants holding a higher education degree, poverty rate and unemployment.”

By | 2018-06-11T19:30:52+00:00 May 25th, 2018|Blog, NYC, Real Estate|0 Comments

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