Author Archive

Apartments Have Stabilized Earlier Than Expected

via GlobeSt.com In Q1 2021, the US multifamily market stabilized a quarter earlier than expected, according to a new report from CBRE. While vacancy rose by 20 basis points to 4.7% in the quarter, the average rent rose 0.4%. That was the ...

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TOMORROW LIVE at 11AM – Extreme Makeover: Apartment Edition

via AptMags.com WHEN: 11:00 A.M. – 12:00 P.M. on Friday, April 30, 2021 Please join us for another informative session of the Southland’s Top Property Managers and our panel of expert, Southern California-based, property managers who ...

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Industrial Rents Hit Record High in Q1

via GlobeSt.com The industrial sector kicked off the year with surging demand outpacing supply for the first time since the first quarter of 2019 and record-high rents hovering at $6.90 per square foot nationally, according to a new report b...

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Apartment Concessions Decline as New Leasing Stabilizes

via GlobeSt.com After a seasonal lull in December, multifamily applications and move-in volumes are all up for a third consecutive month, according to MRI Software. In March, traffic hit higher levels than it did in summer 2020. March’s...

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Housing Rents Pick Up After Eight-Month Lull

via GlobeSt.com Rent growth in the nation’s 50 largest housing markets saw its first uptick since the pandemic began in March. Rents grew 1.1% year-over-year, according to the realtor.com Monthly Rental Report. Still, rental markets in ...

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Where Apartment Rents Are and Are Not Rebounding

via GlobeSt.com In March, as GlobeSt.com reported, Apartment List’s national index jumped by 1.1%, which was its largest monthly increase going back to the beginning of 2017. That doubled historical growth in the month. In the previous thr...

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Latest Round Of Rent Relief In LA Allows Landlords To Apply For Their Tenants

via Bisnow.com After more than a year of coronavirus pandemic life and its repercussions, a looming threat has been the growing amount of rent debt. The exact amount of back rent owed statewide is not known, but estimates have ranged from $4...

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L.A. City Councilmembers look to open up adaptive reuse to supportive housing

via Urbanize.city Earlier this month, the Los Angeles City Council voted to instruct city staff to draft an ordinance which would expand the adaptive reuse ordinance citywide - on the condition that any new housing created is restricted to...

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LA’s $235M rent relief program goes live March 30

via TheRealDeal.com The city of Los Angeles is launching its $235.5 million rent relief program on March 30, opening applications for both landlords and tenants. While the pool of funds is twice as large as the city’s last rent relief p...

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