10 hardest places to find an apartment in 2024
The challenge of finding an available rental continues to increase for Americans nation-wide. On average, there are eight prospective tenants vying for the same vacant apartment.
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The challenge of finding an available rental continues to increase for Americans nation-wide. On average, there are eight prospective tenants vying for the same vacant apartment.
The multifamily sector continues to be strong in 2024, even when a handful of challenges are present. That is according to the Matrix Multifamily National Report for Summer 2024.
Multifamily rents rose for the fourth month in a row, according to the May 2024 National Multifamily Report. Up 0.6% year-over-year, the average U.S. asking rent increased by $6 in May, up to $1,733.
For the first time ever, hotel to apartment conversion projects have overtaken office-to-residential conversions.
Nationally, the total new apartment supply amounts to around 1.4 million units—well exceeding the apartment development historical average of 980,000 units.
The latest RentCafe annual Adaptive Reuse report shows that there are 55,300 office-to-residential units in the pipeline as of 2024—four times as much compared to 2021.
The National Multifamily Report by Yardi Matrix highlights the highs and lows of the multifamily market in 2023. Despite strong demand, rent growth remained unchanged at 0.3 percent.
Over 56 developers, operators, and investors across the country were surveyed in John Burns Research and Consulting's recently-launched Apartment Developer and Investor Survey.
Whiting-Turner, Ryan Companies US, Weis Builders, Suffolk Construction, and W.E. O'Neil Construction top BD+C's ranking of the nation's largest senior living facility general contractors and construction management (CM) firms for 2023, as reported in the 2023 Giants 400 Report.
Kimley-Horn, Olsson, Tetra Tech, EXP, and IMEG head BD+C's ranking of the nation's largest senior living facility engineering and engineering/architecture (EA) firms for 2023, as reported in the 2023 Giants 400 Report.
Perkins Eastman, Hord Coplan Macht, Lantz-Boggio Architects, Ryan Companies US, and Moseley Architects top BD+C's ranking of the nation's largest senior living facility architecture and architecture engineering (AE) firms for 2023, as reported in the 2023 Giants 400 Report.
To address a severe housing shortage, Prime Minister Justin Trudeau’s administration has begun a housing construction strategy pioneered in the years after World War 2. The government aims to use a catalog of pre-approved home designs to reduce the cost and time to construct homes.
As the housing market cools down, storage facilities suffer from lower occupancy and falling rates, according to the December 2023 Yardi Matrix National Self Storage Report.
ICAST (International Center for Appropriate and Sustainable Technology) has released a resource guide to help multifamily owners and managers, policymakers, utilities, energy efficiency program implementers, and others advance the deployment of VHE heat pump HVAC and water heaters in multifamily housing.