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MFPRO+ News | Nov 21, 2023

Renters value amenities that support a mobile, connected lifestyle

Multifamily renters prioritize features and amenities that reflect a mobile, connected lifestyle, according to the National Multifamily Housing Council (NMHC) and Grace Hill 2024 Renter Preferences Survey.

MFPRO+ News | Nov 15, 2023

Average U.S multifamily rents drop $3 to $1,718 in October 2023: Yardi Matrix

Multifamily fundamentals continued to soften and impact rents last month, according to the latest Yardi Matrix National Multifamily Report. The average U.S. asking rent dropped $3 to $1,718 in October, with year-over-year growth moderating to 0.4%, down 40 basis points from September. Occupancy slid to 94.9%, marking the first decline in four months.

MFPRO+ News | Nov 1, 2023

Washington, D.C., Queens, N.Y., lead nation in number of new apartments by zip code

A study of new apartment construction by zip code showed Washington D.C., and the Queens borough of New York City are the hottest multifamily markets since 2018, according to RentCafe.

Adaptive Reuse | Nov 1, 2023

Biden Administration reveals plan to spur more office-to-residential conversions

The Biden Administration recently announced plans to encourage more office buildings to be converted to residential use. The plan includes using federal money to lend to developers for conversion projects and selling government property that is suitable for conversions. 

Mass Timber | Oct 27, 2023

Five winners selected for $2 million Mass Timber Competition

Five winners were selected to share a $2 million prize in the 2023 Mass Timber Competition: Building to Net-Zero Carbon. The competition was co-sponsored by the Softwood Lumber Board and USDA Forest Service (USDA) with the intent “to demonstrate mass timber’s applications in architectural design and highlight its significant role in reducing the carbon footprint of the built environment.”

Smart Buildings | Oct 27, 2023

Cox Communities partnership levels up smart tech for multifamily customers

Yesterday, Cox Communities announced its partnership with Level Home Inc., a provider of next-generation smart IoT solutions for multifamily customers.

Student Housing | Oct 25, 2023

Pierce Education Properties acquires Penn State student housing

The two communities offer a wide range of amenities, including swimming pools with sun decks, study rooms with complimentary printing services, fitness centers, tennis court, and sand volleyball courts.

Giants 400 | Oct 23, 2023

Top 115 Multifamily Construction Firms for 2023

Clark Group, Suffolk Construction, Summit Contracting Group, Whiting-Turner Contracting, and McShane Companies top the ranking of the nation's largest multifamily housing sector contractors and construction management (CM) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking factors revenue for all multifamily buildings work, including apartments, condominiums, student housing facilities, and senior living facilities.

Giants 400 | Oct 23, 2023

Top 75 Multifamily Engineering Firms for 2023

Kimley-Horn, WSP, Tetra Tech, Olsson, and Langan head the ranking of the nation's largest multifamily housing sector engineering and engineering/architecture (EA) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking factors revenue for all multifamily buildings work, including apartments, condominiums, student housing facilities, and senior living facilities. 

Giants 400 | Oct 23, 2023

Top 190 Multifamily Architecture Firms for 2023

Humphreys and Partners, Gensler, Solomon Cordwell Buenz, Niles Bolton Associates, and AO top the ranking of the nation's largest multifamily housing sector architecture and architecture/engineering (AE) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report. Note: This ranking factors revenue for all multifamily buildings work, including apartments, condominiums, student housing facilities, and senior living facilities. 

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