Offerd’s Post

Rents rose for the fourth straight month in May, but gains have been moderate. The average U.S. asking rent increased by a modest $6 to $1,733, demonstrating the resilience of the market, while year-over-year growth remained unchanged at a steady 0.6%. ■ Multifamily performance continues to reflect a balancing act. Rents are rising in a normal seasonal pattern, as demand and absorption remain strong, but the growth is mitigated by the rapid delivery pipeline in many markets, particularly the Sun Belt. Follow Us For More Information #rentgrowth #demand #market #us #Realestate #multifamily #Thewainersinvestmentgroup

Multi-family list rents have been flat for a while but still lie slightly above the rent CPI. Single-family list prices continue to surge. The rent CPI is a mix of both structure types, and represents the amount paid by the tenant based on the lease agreement. Paid prices will lag the list price depending on the length of the lease contract, whether there is rent control in the area, and whether the landlord wants to pass on the market price to existing tenants. A landlord might keep the price below market so as to not lose good tenants.

As interest rates remain high and limit renters' ability to move into homes, certain U.S. markets are seeing multifamily demand reach its highest rate since Q3 2021. Is this true for your market? Investigate more insights with @Avison Young's U.S. Q2 2024 #multifamily market report: https://lnkd.in/eJh8q5k2 #CRE #AYdifference

I am trying to gather and absorb all of the market data I can and then asking my colleagues in all of the different markets I have contacts as to their first-hand experience. It is NOT all “gloom & doom” in the MF space.

As interest rates remain high and limit renters' ability to move into homes, certain U.S. markets are seeing multifamily demand reach its highest rate since Q3 2021. Is this true for your market? Investigate more insights with @Avison Young's U.S. Q2 2024 #multifamily market report: https://lnkd.in/gXAKRMan #CRE #AYdifference #multifamily

Rents are on the up and up. #Multifamily investments have definitely been on a roller coaster of a ride over the past few years, but recent rises to fixed #costs due to #inflation have been at the center of the conversation. Although costs have risen via insurance and borrowing costs, #revenue for these investments have maintained lock step. YOY average #residentialrents have continued maintain a healthy increase to $1,725, up $12 and just $2 off the all-time high in summer of 2023. https://lnkd.in/gzddFc5U

DID YOU KNOW? Rents for new leases rose more than 20% during 2 years spanning 2021 and 2022. This moderated in 2023 as rents either barely rose or slightly declined, according to most metrics. Real-estate firms and data companies are projecting total rent growth in the very low single digits this year, between 1.2-1.5%, although this will vary by area based on supply. (WSJ)

Daily Discussion 💭#135: According to Yardi Matrix, new Multifamily supply is projected to reach an all-time high for scheduled deliveries in 2024, followed by a decline to 2020 levels in 2026. The market indicates that most buyers are taking a conservative approach towards the rent growth, considering this surge in supply. In which year do you predict rents will rebound and exceed a 3% growth rate? Share your insights below. #MultifamilySupply #RentGrowth #HousingShortage? Follow: #DailyDiscussion

Ending a five-month decline streak, #Multifamily asking rents saw a slight improvement in January, notes the latest #YardiMatrix rent forecast update.   Find out which markets performed best: https://lnkd.in/gTxbaiNR   #MultifamilyRealEstate #HousingMarket #HousingMarketForecast #HousingMarketUpdates #RealEstate #RealEstateForecast #RealEstateMarketUpdate #RealEstateExperts

The most amount of money is not always the most important thing! A quality tenant was more crucial to my landlord, and whilst the numbers showed strong interest at $450pw, the application quality was not what I could recommend. I felt we were at the ceiling of where the market saw value so we reduced the price and after the second open, we had multiple strong candidates to choose from. Good tenants get snapped up, and they are very educated on price in the marketplace. That extra $10 or $20 per week won’t make much of a difference if you stay vacant for another week or two (in this case, it would have outstripped any potential benefit of a higher rent) #propertyinvestment #tayloredproperty #realestate #rentalproperty