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Multifamily Market Sees Strongest Demand Since 2021 Lowering National Vacancy Rate

American Apartment Owners Association

Multifamily demand expanded at the highest rate since 2021 during the third quarter of this year, with 176,000 units absorbed in an indication of a strong net change in occupancy. Over the first three quarters of 2024, demand for rental apartments has already surpassed last years total by more than 100,000 units. Washington, D.C.,

Apartment 164
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Resident-Centered Housing Practices Gain Momentum

American Apartment Owners Association

After a volatile period in commercial real estate, many multifamily borrowers that seek to increase the stability and profitability of their apartment buildings have a new take on a business basic: customer service. “What makes a tenant base want to stay in their apartment? How do we build community?

Lease 174
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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

Softening Rental Markets According to the report, apartment growth has stalled. The rental market rapidly increased during 2021 and 2022. However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Only 1% of the markets reported a rent growth of 10% in Q3 of 2023.

Apartment 130
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National Median Monthly Rent Ended Year Lower Than It Started

Rental Housing Journal

The national median monthly rent closed out 2024 at $1,373 in December, after declining by 0.6 percent, or $8, from the prior month, Apartment List says in their January report , ending the year lower than it started. Year-over-year rent growth nationally also currently stands at -0.6 Read the full report here.

Rent 52
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2025 rental market predictions: 14 property management trends to prepare your business for

Buildium

Prediction #1: The Historic Rate of Apartment Construction Will Slow Down In 2025, the total number of completed apartments is expected to fall by 20%, according to RealPage Analytics. A similar trend is expected to play out in the build-to-rent sector.) million new households were created throughout 2023—down from 2.3

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Budget Season: A Strategic Opportunity for Multifamily Rental Growth

American Apartment Owners Association

Rent growthis decelerating from the double-digit increases seen in 2021 year-over-year rent growth currently stands at -0.8 Tasks like tour scheduling, applicant vetting, lease renewals, rent collection, and maintenance requests are prime candidates for automation.

Lease 132
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Why It’s Never Been Harder to Be a Landlord

American Apartment Owners Association

Meanwhile, inflation has made it harder for tenants to absorb rent increases, leaving landlords in a precarious position. In previous years, landlords could offset increased expenses by passing the costs on to tenants in the form of rent hikes. These older models rely heavily on rent as the primary source of income.

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