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📈🏠 Syracuse witnessed a staggering 28.6% increase in one-bedroom rents, while Columbus saw a notable climb of 22.5%. Interestingly, Syracuse also boasted the largest monthly growth rate nationwide, as highlighted by Zumper. 📊💼 Syracuse's historic population growth, anchored by a large national university and a predominantly homeowner landscape, has intensified demand and competition in the city. Meanwhile, Columbus, known for its rapid development and affordability, experienced the largest population growth among major US metropolitan areas at the end of 2023. 🌆📈 With demand soaring in both Syracuse and Columbus, rental rates are expected to continue their upward trajectory until new apartment supply catches up. 🚀🔑 #RentalHousing #RealEstateTrends #HousingMarket #RentPrices #MarketInsights

Miami for the win? #TuesdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance Population growth and employment gains have combined to create the greatest disparity in rent growth percentage between key apartment markets since the pandemic, according to RealPage Analytics. While in South Florida apartment growth is climbing – performing better than in any area in the country – the opposite is the case for the Bay Area in Northern California. #SourcingAndSelling #SellingAndSourcing #Retwit #2024 ~ Contact Us for Commercial Investments, Financing and Insurance. Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialFinance #CommercialInsurances #CommercialTitleAndClosing #CommercialProp https://lnkd.in/g6fXH_eC

Columbus Thrives: A Bright Spot in the Apartment Market Friends, exciting news from our vibrant city! Columbus, Ohio is defying expectations and showing remarkable resilience in the face of economic headwinds. Let me share some fantastic insights: 2.9% rent growth over the past year - placing us in the top 10 major markets nationwide! Smart, measured development: 5,800 new units completed, just 25% above pre-pandemic levels. We're growing responsibly! Demand is booming: 19% more units occupied compared to pre-pandemic averages. Hotspots like Northeast Columbus (4.1% growth) and Bexley-Whitehall (3.8% growth) are leading the charge! Sure, Downtown faces some challenges, but the overall picture is incredibly positive. With our construction pipeline set to slow, we're poised for even healthier rent gains and sustained growth. This data paints a clear picture: Columbus is a rock star in the national apartment market. Our city continues to attract talent, foster innovation, and provide fantastic opportunities for residents and investors alike. What are your thoughts on Columbus' remarkable performance? How do you see our city evolving in the coming years? Let's discuss in the comments! #ColumbusOhio #RealEstateMarket #EconomicGrowth #CityOnTheRise #ApartmentRentals #UrbanDevelopment #InvestInColumbus #OhioEconomy #RealEstateInvestment #CityPlanning #RentGrowth #HousingMarket #EconomicResilience #MidwestGrowth #BusinessOpportunities #TalentAttraction #SmartGrowth #CommunityDevelopment #UrbanLiving #PropertyManagement

Sudden population growth and residential development has led to the overdevelopment of several cities. Out of 100 cities measured 21 of them are now offering discounted rent rates as a result of the overdevelopment. Here are a list of 5 of the cities that fall into this category and their discounted rent rates:  1. Boise City, ID offers a 5.45% discount.  2. Austin (3.27% discount) 3. Phoenix (3.15%) 4. Las Vegas (2.88%) 5. Spokane (2.62%) #commercialrealestate #commercialdevelopement #overdevelopment https://lnkd.in/gfBs3YKN

In the article shared, it discusses the significant rent spikes in certain Florida metros. The data reveals the increased cost of living in these areas, impacting residents. It's essential to be aware of these changes when considering housing options. 📈💰 Stay informed to make informed decisions about your living arrangements! https://buff.ly/48GufSU . . #chrissellscentralflorida, #remax, #remaxheritageprofessionals, #polkcountyrealtor, #polkcountyrealestate, #winterhavenrealtor, #winterhavenrealestate, #55+realtor, #newhomespecialist

Raleigh, NC has clinched the top spot as the most renter-friendly city in the U.S. according to ApartmentAdvisor's 2024 report. This ranking considered multiple factors including renter friendliness, economic conditions, and overall desirability. In Raleigh, a median one-bedroom apartment rents for $1,263 monthly. I recall my own experiences moving between cities and always seeking a balance between cost and quality of life. Whether it’s grabbing a bite at a local café or easily accessing public transit, these factors play a crucial role in how we evaluate a city's livability. 🏆 Key highlights: - 🏙 Raleigh leads with strong economic metrics and a high score in renter friendliness. - 🚀 Huntsville, AL ranks second, noted for its affordability and new residential construction rates. What aspects matter most to you when selecting a city to rent in? Is it the economic opportunities, cost of living, or maybe the social amenities? 🗣️ Share your thoughts below! #RealEstate #CityLife #ApartmentLiving #RenterFriendly #Economy #UrbanLiving

We're honored to be proud members and supporters of Multifamily NW and to have attended the Spring 2024 Apartment Report Luncheon at the Oregon Convention Center! The twice-yearly study provides up-to-date insights into how our market is performing. Here are a few insights from this spring's report: Vacancy Rates: The latest data reveals an uptick in vacancies, with rates reaching 6.17%. While certain areas maintain rates below 5%, urban hubs like NW and Downtown Portland face higher vacancies, hitting 8.7% and 7.48%. Rent Trends: Despite vacancy fluctuations, rents have remained steady at approximately $2.06 per square foot for the surveyed 48,000 units over the past six months. Urban vs. Suburbs: Oregon's suburban areas are experiencing robust growth and elevated urban vacancy rates. This trend highlights broader economic implications beyond the housing sector. New Markets: MFNW's report now encompasses emerging markets such as Salem/Keizer, Corvallis/Albany, Forest Grove/Cornelius, and McMinnville/Newberg, suggesting increased investor interest. Speakers Panel: The luncheon featured dynamic discussions on multifamily sales, affordable housing initiatives, legislative updates, and more, providing invaluable insights into Oregon's rental market landscape! Check out the detailed findings and analysis by accessing the full report here: https://lnkd.in/gfhEGcGY #PrincetonPropertyManagement #PPM #MultifamilyNW #ApartmentReport #PropertyManagement #OregonRealEstate

Interesting article written by Business Insider. Did you know that Houston Texas is tied for the 9th most affordable city to live in Texas? In a recent study on the cost of living, it's AMAZING to see that our vibrant city not only offers rich cultural diversity but also affordability for our HOUSTONIANS! This study takes into account various factors, including utilities and housing costs. As a residential real estate agent in Houston, I've witnessed firsthand the diverse range of housing options that cater to various budgets, making homeownership a reality for many. From beautiful neighborhoods to bustling urban pockets, Houston truly offers something for everyone. Whether you're a proud homeowner or a prospective buyer, this news underscores the economic advantages of calling Houston home. It's a testament to the city's commitment to providing a high quality of life without breaking the bank. HOUSTON FOR THE WIN! https://lnkd.in/gPkp7Akj #HoustonRealEstate #affordability #AffordableLiving #houston #texas

How is the local housing market post-holiday? Active listings are down, which is typical for winter months. Median price is showing modest ups/downs depending on area, but not shifting drastically in either direction. Many of the areas are showing slightly longer median days on market, but the November and December holidays could be playing a factor in those numbers. Here are 2 listings: 1 recently sold and 1 new on the market as a practical example. Both are move-in ready townhomes near Phoenixville just below the median price for the area. #HousingMarketUpdate #FridayRealEstateUpdate #PhoenixvillePA #CollegevillePA #PhillyMB

Our Q2 2024 Philadelphia Multifamily Report is now available! Some of my key takeaways: -The suburb fundamentals are as strong as they get, both from an occupancy and rent growth standpoint. The burbs are carrying the metro in terms of strength while downtown continues to absorb the new supply. -Occupancy statistics in some of Philadelphia's hottest markets (Northern Liberties/Fishtown, Art Museum including Brewerytown, South Philadelphia) are artificially low due to lease-ups. As the supply tapers and new deliveries fill during these prime summer months, we'll see these statistics improve rapidly. -Our neighbors across the state border, South Jersey & Delaware, are performing at a high level as cost effective alternatives to rising rents in the City. These suburbs are great options to hybrid workers who maintain easy access to the City but have a cheaper cost of living. Lets talk through these themes and more. Call, email, text, DM to receive the report or chat! Karen Iman #multifamily #philadelphiamultifamily #philadelphiarealestate #realestate #realestateinvesting #multifamilyinvesting #investmentsales #cushwake