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NAA Industry Insider: Why Rent Growth is Stronger in the Suburbs

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NAAHQ   //   September 15, 2015*
Your Weekly Source for Apartment Housing Industry News and Information
Building Permits
Lead Story
What the Spike in Building Permits Really Means
The seasonally adjusted annual rate for building permits surged in June because of a legislative anomaly; usually, the difference between the unadjusted and adjusted number is closer to zero. Does it indicate the potential for future change?
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Response Team 1
Top Stories
Suburbs vs. Cities
Industry Buzz
Suburbs vs. Cities: Which Are Growing Faster?
Rent growth is increasing steadily across the board, but certain factors are helping suburbs grow faster than their urban counterparts. Find out what’s helping rent growth in suburban areas and what to expect for the market in general in 2016.
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Sponsored Content
West Elm: Inspire Your Audience with a premium model-home experience
The key to leasing an apartment is making prospective tenants feel at home. Our stylists can work with you to decorate any space, from common areas to complete model homes.
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Own or Rent
Market Trends
To Own or to Rent: Which Is More Expensive?
Owning a house or a condo has its benefits — but do those benefits come at a cost? Recent data say yes, in certain cities; but in other metros, renters pay more. See which areas experience the greatest differential.
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Ancillary Services Management LLC
Sample 1
Sponsored Content
Quiz: Do You REALLY Know Your Millennial Renter?
Despite skyrocketing rents, Millennials (age 20-34) are renting longer than previous generations. How well do you know the Millennial renter? Take quiz now.
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Contact Information
Market Trends
Why You Should Update Contact Information
Following a busy summer season, it’s important for apartment-community owners and managers to update residents’ emergency contact information. It may also be a good time to provide additional training for service providers to update them on any changes to the apartment community and its staff.
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Interior Design
Industry Buzz
Interior Design Tips for Enlarging Small Spaces
It’s easier to make spaces feel open and inviting when they boast 12-foot ceilings. Creating openness in spaces with standard ceiling heights takes a little more ingenuity. These three tips can help even the smallest spaces feel larger.
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Renters Insurance
Market Trends
How to Educate Renters on the Value of Insurance
Only about one-third of renters have renter’s insurance, compared with more than 90 percent of homeowners who have homeowner’s insurance. Part of the reason is perceived cost; the other is misunderstanding what such insurance covers. Help residents understand the benefits of renter’s insurance so they can adequately protect their belongings.
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NAA Announcements
How Energy Benchmarking Can Boost Your Returns
Recognize untapped savings in your energy and utility expenses with energy benchmarking strategies. See how your portfolio can achieve annual savings of $50,000 at the "Return on Energy: Portfolio Sustainability Strategies" session during MAXIMIZE: 2015 Multifamily Asset Management Conference, Oct. 12–14, at the Omni Amelia Island Plantation Resort, in Amelia Island, Florida. Register today.
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Last Call for Student Housing Conference Presentations
This Friday is the deadline for submitting a proposal to speak at NAA’s 2016 Student Housing Conference & Exposition, Feb. 16–17, 2016, at the Hyatt Regency in Chicago. Use this opportunity to help inform other industry professionals by sharing with conference planners any issues or challenges you’ve observed in the student-housing market.
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How Do You Compare With Other Apartment Communities?
Purchase a copy of the 2015 NAA Income & Expense Survey to see how line items, such as dollars per unit, dollars per square foot of rentable area, and dollars as a percentage of gross potential rent, compare among properties in your market. A full report including all markets is also available.
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Get Access to Top Brands With Open Door
NAA members have the benefit of accessing favorable terms for products and services from top companies through NAA’s Open Door program. The association vets its preferred companies and provides special offers and savings for its 68,000 members by negotiating prices as one buying entity. See what offers are available today.
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