With the rise in popularity of multifamily developments, new market trends have disrupted the industry. Pools, playgrounds, and dog parks remain the overall top amenities in communities. But how are renter preferences changing as it relates to in-unit amenities? Read on! Shifting the population away from urban areas is still a significant trend in multifamily product development […]
Category Archives: Market & Industry Trends
Developers | Is 2022 the year for modular?
Modular construction in the U.S. has grown significantly in the past few years. The increased productivity and lower costs are the driving factors to embrace modular construction. Builders have found ways to construct faster, safer, and reduced labor costs—modular construction is the key! Our team partners with developers and general contractors to rethink traditional building […]
Solar Power | Is It Worth It?
Multifamily building developers and owners are looking for cost-saving design solutions that can boost the value of their properties. One strategy to consider is integrating or adding solar photovoltaics (PV). Should you add this feature to your next project? For real estate developers, now is the best time to install a solar energy system in their […]
Developers: Multifamily rent growth increases 27%!
Market confident for multifamily housing improved during 2021’s fourth quarter and exceeded normal seasonal patterns.1 Average asking rents rose $10 in February, reaching another record of $1628. At the end of 2020, significant rent decreases occurred in large metro suburban areas, small metro suburbs, and non-metro/ non-micro counties (rural areas). One year later, there has […]
Developers | The next MUST HAVE Apartment Amenity?
Electric vehicles (EV) are becoming increasingly popular across the U.S. Clean-powered, environmentally-friendly EVs are here to stay. Electric cars are gaining momentum with growing concerns over climate change and living more sustainable lives. Do you need this amenity in your project? Read on. EVs require specialized charging stations, which must be planned early in your design. […]
Developers: Townhome Development = A growing trend?
The forecast for townhouse constructions remains strong, especially given the growing numbers of homebuyers looking for medium-density residential neighborhoods. One popular option is the urban village, offering walkable environments as well as other attractive perks and amenities. Should your next multifamily project be a Townhouse design? Read on! Townhouses present a potential solution to the high-density living […]
2022 Insights: Interior Design Trends that Sell!
Designing multifamily properties requires a gentle balancing act. Developers who play it too safe might not make the right move they need to stand out in a crowded marketplace. Those who go too far risk turning away from potential renters. Creating an atmosphere of comfort, charm, and functionality within the project’s budget is the goal. Read […]
Demand for Apartments Remains Strong! It’s Time to Get in!
Demand for apartments remains strong, and the national occupancy rate has been at or near record highs for the last six months. The apartment market experienced robust growth in 2021. Last week we talked about how the demand for market-rate apartments in 2021 soared far above the highest levels on record. Now, the multifamily market continues to […]
Apartment Demands Hits a Record High!
Multifamily remains one of the more attractive property developments within the real estate market. Despite the complex economic conditions that 2021 left us with and the demographic shifts caused by migration patterns, multifamily housing has become the strongest market in real estate for investors seeking stable and attractive returns. This has pushed the multifamily market to record-breaking […]
Multifamily Trends | Here’s What Is Coming for 2022
The multifamily industry is experiencing record-breaking rent growth and occupancy rates. We’ve noticed increasing building activity in the multifamily sector. Here is what is coming for 2022. According to new data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, multifamily housing construction helped push overall housing starts up 3.9% in […]