Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
10 Things to Know About the JBREC/NAA Apartment Developer and Investor Survey Q2 2024
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At the end of 2023, respondents expected apartment starts to diminish by 44% on average over the next 12 months. As of Q2 2024, the expectation is that starts will remain roughly unchanged (-1%) over the next 12 months.
Yet, 64% of developers said they do not plan to start any…
Concessions Rise Slightly in July
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Every other apartment community is offering a deal in some metros. According to data from Zillow, 33.2% of its total listings offered a concession such as free rent or parking in July. There were six markets—Raleigh and Charlotte, N.C., Atlanta, Salt Lake City, Nashville, Tenn., and Austin, Texas—…
Multifamily Developer Confidence Slides in Second Quarter
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Both indices of the Multifamily Market Survey are down in the second quarter. The results from the National Association of Home Builders show the Multifamily Production Index (MPI) declined 12 points year-over-year to a level of 44; the Multifamily Occupancy Index (MOI) dropped eight points to a…
EI, AI, OHHH! Leveraging Emotional and Artificial Intelligence
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The capabilities of artificial intelligence (AI) are spellbinding. Essentially, if it can be imagined, it will probably happen at some point—and then some.
But while AI can simulate human intelligence to some degree, it ultimately is not human. That’s why AI is strongest when blended…
AKAM Expands With Florida Management Acquisition
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AKAM, a New York- and Florida-based property management firm, has closed the transaction to acquire Property Management Resources (PMR).
"For over 40 years, we have been a long-standing leader in property management, delivering exceptional service and tremendous value to our clients," said…
More Young Adults Living With Parents
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There are more young adults aged 25-35 living with their parents than any time in the past eight decades. According to Apartment List, 17% live with their parents as of 2022, compared to under 10% in the 1960s-80s and also 17% in 1940.
The share of adults living with their parents decreases as a…
Streamlining the Leasing Process with AI and Modern Technology
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The pandemic gave operators a nudge to embrace cutting-edge technology solutions like never before, and experts say the sector now has entered an era in which artificial intelligence (AI) can offer major advancements in leasing-process efficiencies and the customer experience.
That…
Second Act Leasing Success
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It’s no secret that the past few years have seen a wave of new apartment communities open. To better compete with these ultra-modern properties—and because the cost of new development continues to climb—many owners and operators are redeveloping existing communities.
Panelists in the "Second…
South Leads Way in Top Metros for Renters
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Nearly 80% of the best cities for renters are in the Southern United States. A new report from RentCafe reviews 20 metrics segmented into three categories—cost of living and housing; local economy; and quality of life—to determine the best places for renters to live. Of the top 50 cities, 38 were…
Democratizing Centralization for Large and Small Firms
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The term centralization has become one of the hottest buzzwords over the past few years. But what does it really mean, and why is it important to successful operations? Expert panelists took the stage for the Apartmentalize 2024 session, “Democratizing Centralization for Large and Small Firms,” to…