What Do Renters Really Want?
MULTIFAMILY & TECHNOLOGY NEWS Marriott versus Airbnb. The hotel behemoth is entering the same space as Airbnb; home-sharing. After testing a successful pilot program in Europe, Marriott will bring ‘Tribute Portfolio Homes’ to the U.S. with more than 2,000 rooms in high-end homes. Shipping Wars. We’re not talking about the A&E show. Amazon announced its plan to invest […]
Chick-fil-A Versus Airports
MULTIFAMILY & TECHNOLOGY NEWS The tech industry is seeing growth in some unexpected places. According to the latest CBRE Tech 30 report, the tech industry is responsible for 1/5th of all office leasing activity. Here are 5 emerging tech markets to keep an eye on.-Colorado Springs -Kansas City -Ottawa -Sacramento -Tampa Airbnb is leading […]
Can Virtual Reality Save Retail?
MULTIFAMILY NEWS If you build it, they will come. Florida and the Southeast markets dominated the multifamily sector in Q1. Four markets in Florida ranked among the top 15 in the country. Those include Tampa / St. Petersburg, Orlando, Jacksonville, and South Florida.Why Florida? Sunshine, no state income tax, and a thriving job market appear to top the list. […]
Delayed Marriages are Helping the Multifamily Industry
MULTIFAMILY NEWS WalletHub just released its most liveable capital cities. Ranking factors include affordability, economic well being, quality of education and health, and quality of life.Did you make the list? 10. Des Moines, Iowa 09. Cheyenne Wyoming 08. Denver, Colorado 07. Concord, New Hampshire 06. Bismarck, North Dakota 05. Lincoln, Nebraska 04. Madison, Wisconsin 03. […]
Are You Experienced Focus?
MULTIFAMILY NEWS Are you familiar with Fitwel? Fitwel is the world’s leading certification system that optimizes buildings to support health. The Mckenize, a luxury high-rise in Dallas was just recognized as the first Fitwel multifamily development in Texas. Enhanced ventilation practices, smart lighting, and outdoor spaces are just a few of the criteria for Fitwel. A shift […]
Family Focused Apartments
MULTIFAMILY NEWS Last week, we mentioned that co-living spaces are starting to gain some traction. Family-focused apartments could be the next thing. Tishman Speyer and Common are partnering up to launch family friendly apartments. These apartments will feature common spaces, geared to specific age groups. Child care will be readily available and stroller parking will be a breeze. […]
Power Nap Anyone?
MULTIFAMILY Denver’s largest multifamily transaction in 2.5 years closed last week. A combined 1,023 units sold for $177m to BMC Investments and Oak Coast Properties. Morgan Properties becomes the largest multifamily owner in Pennsylvania Their recent purchase from Lone Star Funds for $890m includes 2,346 units in PA bringing their total unit count to 9,300. Want to […]
Is Austin Running Out of Room?
A $32m dollar penthouse anyone? Hudson Yards prepares for its grand opening next week on the far west side of Manhattan. The $25b redevelopment will include retail, office space and condos ranging from $4m to $30m. U.S. apartment market shows no signs of slowing down. Occupied apartments units saw a 20% increase compared to the last 10-years. A number of demographic […]
Amazon Launches Grocery Stores
Office Depot partners with e-commerce giant, Alibaba. The partnership will consist of a co-branded site; alibaba.com/officedepot. The goal is to target more small and midsize businesses. Amazon is launching grocery stores in an attempt to come in at a lower price point than Whole Foods (which Amazon owns). The TBD name stores will begin to open on the West Coast later this […]
Smart Apartments Coming
Here’s a first. Oregon just became the first state to issue statewide rent control. Annual rent increases will be capped at 7% plus inflation statewide. New construction is exempt from the cap for 15 years after their completion. If a tenant leaves voluntary, there’s no cap. Greystone lends $58m for “Smart Home” multifamily project in San Antonio, Texas. The 310-unit […]
Cashless Retail?
Boston is Hot Looking to invest in multifamily? Boston might be your spot. With over 20,000 apartment units underway in the metro area, Boston is topping the charts for multifamily growth. “Boston apartment rents grew by an average of 2.8 percent in 2018, and rents are expected to rise 1.4 percent in 2019, CoStar estimates.” Kushner is […]
Top Apartment Amenities
What Renters Really Want Apartment Guide did a deep dive into what renters are really looking for. Here’s what they found out: Most renters are moving to save money (37%) or be closer to work(32%). Price and neighborhood top the list of what renters take note of. The most desired amenity is a washer and dryer in the unit. 67% of renters will […]
