Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Defying the longstanding tradition of "flying the nest," a staggering 68% of young Gen Z adults are opting for the comforts of familial homes over independent living. This trend, mirrored by 20% of Millennials, weaves a nuanced narrative entwining economic, social, and familial bonds in contemporary America.
As we step into 2024, the real estate landscape is poised for a variety of challenges and opportunities. In this post, we break down highlights from Yardi Matrix’s Multifamily National Report for 2024.
While a majority of the U.S. experienced a softening in rental competitiveness, the Midwest defied the trend. Miami secured the title of the nation's hottest rental market in 2023. The city's thriving tech scene continues to attract global innovators and entrepreneurs, intensifying the competition for rental apartments.
The U.S. is currently undergoing a significant resurgence in new apartment construction, evident in the increased presence of cranes adorning the skylines of major cities.
Despite several challenges, including high interest rates, credit availability, and the state of the economy, multifamily properties continue to shine as the most attractive asset class in the real estate market.
According to Yardi Matrix, more than 10,000 residential units were created nationwide through conversions last year. While adaptive reuse looks like the perfect solution for removing obsolete and empty office space, many factors can prevent a building from being a good candidate.
Examining RentCafe's market insight report reveals renter online activity to identify the top in-demand cities for apartments. The Midwest dominated with 11 cities in RentCafe’s ranking, with five in the top 10.
The U.S. is facing a potential loss of nearly 200,000 affordable housing units in the next five years as government protections expire for hundreds of rental properties, allowing landlords to set their own rents, highlighted by The Wall Street Journal.
The once rapid growth of apartment rent has decelerated and is even declining in certain areas. However, within the struggling commercial real estate industry, there is a rare positive aspect seen in housing aimed at college students attending popular universities.
With soaring home prices and the peak rental season in full swing, renting has emerged as the contemporary alternative to buying. However, among the cities experiencing heightened listing activity, which ones draw the greatest attention from apartment seekers?