Associated tags: Map, IOS, CoStar Group, Android, Online shopping, Residential Building & Real Estate, Construction & Property, Sun Belt, Commercial Building & Real Estate, TruAmerica Multifamily, Research, Lease
Retrieved on:
Thursday, February 9, 2023
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Lease Today, Apartments.com – a CoStar Group company – released an in-depth report of multifamily rent growth trends for January 2023 backed by analyst observations.
Key Points:
- Today, Apartments.com – a CoStar Group company – released an in-depth report of multifamily rent growth trends for January 2023 backed by analyst observations.
- For the first time in five months, month over month rent data showed positive growth, with Midwestern markets like Indianapolis and Cincinnati emerging as top rent growth leaders.
- Sunbelt markets comprised the majority of the worst performing rent growth locations, but they did start 2023 more dispersed across the rankings.
- However, with a record number of units projected to deliver throughout 2023 and 13 markets poised for new supply records, continued positive upward movement in rent growth is not assured.
Retrieved on:
Tuesday, February 7, 2023
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Renting Apartments.com – a CoStar Group company – today launched its official expansion into the Canadian market.
Key Points:
- Apartments.com – a CoStar Group company – today launched its official expansion into the Canadian market.
- This expansion of Apartments.com, the number one rental search platform in the United States, comes at a pivotal point in Canada’s multifamily property market.
- Apartments.com provides a new toolset to the Canadian real estate market, including immersive 3D tours of properties and units, comprehensive neighborhood profiles, building ratings and property reviews and architectural photography.
- Apartments.com already features a large inventory of Canadian properties, and listings are expected to increase dramatically as more property managers are added to the platform.
Retrieved on:
Wednesday, February 1, 2023
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Lease In collaboration with SmartRent, prospective residents can easily schedule a self-guided tour for a unit of interest without leaving Apartments.com.
Key Points:
- In collaboration with SmartRent, prospective residents can easily schedule a self-guided tour for a unit of interest without leaving Apartments.com.
- SmartRent is a pioneer in self-guided tour technology and evolved its product offering to meet the changing needs of apartment shoppers and staff amid the COVID-19 pandemic.
- SmartRent technology even provides an interactive map to guide prospective residents throughout the property.
- “We hear from renters and see from their behavior on Apartments.com that self-guided tours are a ‘must-have,’ not a luxury, for apartment communities,” said Stuart Richens, Apartments.com VP of Product.
Retrieved on:
Tuesday, January 10, 2023
Residential Building & Real Estate,
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Sun Belt Today, Apartments.com – a CoStar Group company – published an in-depth report of multifamily rent growth trends for Q4 2022 backed by analyst observations.
Key Points:
- Today, Apartments.com – a CoStar Group company – published an in-depth report of multifamily rent growth trends for Q4 2022 backed by analyst observations.
- With 2023’s national forecast predicting the highest new supply totals since the 1980s, expect vacancy to rise above 7% and rent growth to push much lower.”
Multifamily conditions continued their stark reversal of fortune in Q4 2022.
- Palm Beach sits at the helm, with year over year rent growth declining by 29 percentage points from 30.4% a year ago to just 1.7% at the end of 2022.
- Phoenix and Las Vegas saw rent growth peak above 20% in 2021, yet closed out the year in the red.
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Sun Belt Apartments.com a CoStar Group company released an in-depth report of multifamily rent growth trends for November 2022 backed by analyst observations.
Key Points:
- Apartments.com a CoStar Group company released an in-depth report of multifamily rent growth trends for November 2022 backed by analyst observations.
- Miami held the top rent growth spot alongside Midwest and Gateway locations that have gained traction in recent weeks and currently hold positions in the top 10.
- Historically, the fourth quarter tends to be slower for multifamily, but were witnessing a weaker market overall with the downward rent growth and volatile market conditions.
- In particular, Las Vegas and Phoenix have both witnessed a dramatic slowing of growth and sit at the bottom of the annual rent growth ranking for November.
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Online shopping Today, Apartments.com a CoStar Group company published an in-depth report of multifamily rent growth trends for October 2022 backed by analyst observations.
Key Points:
- Today, Apartments.com a CoStar Group company published an in-depth report of multifamily rent growth trends for October 2022 backed by analyst observations.
- Now, only two markets in that region hold the top rent growth spots and five out of ten markets sit squarely in the Midwest and Gateway locations.
- Additionally, the reversal of fortune for Sunbelt markets is illustrated clearly in the month over month rent growth chart.
- When analyzing only year over year rent growth data, it gives the impression the multifamily market continues to perform meaningfully above historical averages and will provide property-level operations with solid revenue growth for 2022.
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Online shopping Year Over Year Rent Growth, by Market -- 3Q 2022 (Graphic: Business Wire)
Key Points:
- Today, Apartments.com a CoStar Group company released an in-depth report of multifamily rent growth trends for Q3 2022 backed by analyst observations.
- MIDWEST, CALIFORNIA MARKETS AMONG TOP RENT GROWTH, SUNBELT DROPS BEHIND
Sunbelt markets have maintained a strong presence on the year over year rent growth markets list, holding five of the top 10 positions.
- On the reverse, the Sunbelt region also holds some of the largest rent growth declines in the past three months, with eight of the top 10 markets located in this area.
- QUARTER OVER QUARTER RENT GROWTH PAINTS STARK PICTURE, SAN JOSE SLIDES
Looking at sequential rents over a quarterly basis shows the true nature of the worsening market.
Retrieved on:
Thursday, September 8, 2022
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Online shopping Today, Apartments.com a CoStar Group company published an in-depth report of multifamily rent growth trends for August 2022 backed by analyst observations.
Key Points:
- Today, Apartments.com a CoStar Group company published an in-depth report of multifamily rent growth trends for August 2022 backed by analyst observations.
- The current rent conditions highlight how the spring and summer leasing periods came up significantly short compared to pre-pandemic historical results.
- The Sunbelt region continues to have a strong hold on the market, home to six of the top 10 rent growth markets, according to Apartments.com.
- MONTH OVER MONTH DATA REFLECTS DECLINE OF RENT GROWTH, SAN FRANCISCO NOSEDIVES
Sequential rents month over month paint the most striking picture of the deteriorating rental market.
Retrieved on:
Wednesday, August 3, 2022
Construction & Property,
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Online shopping Today, Apartments.com a CoStar Group company released an in-depth report of multifamily rent growth trends for July 2022 backed by analyst observations.
Key Points:
- Today, Apartments.com a CoStar Group company released an in-depth report of multifamily rent growth trends for July 2022 backed by analyst observations.
- The deteriorating rent situation highlights a significant collapse of demand in the sector when new unit deliveries are projected to hit 230,000 in the second half of 2022.
- On the flip side, the San Francisco and East Bay markets challenged the downward rent growth trend.
- Markets that saw negative or flat rent growth in July are dominated by Sunbelt locations, including Fort Lauderdale, Austin, Orlando, Charlotte and Tampa, amongst others.
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Future Today Apartments.com, the leading online rental network in the United States, announced the launch of its Listing of the Future, an innovative new approach to listing apartments.
Key Points:
- Today Apartments.com, the leading online rental network in the United States, announced the launch of its Listing of the Future, an innovative new approach to listing apartments.
- The Listing of the Future will debut at Apartmentalize 2022 in San Diego.
- The Listing of the Future was developed in direct response to consumer demand.
- The Listing of the Future provides all of this information, eliminating time consuming back and forth between prospective renters and property managers and generating higher quality leads for each listing.
