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Multifamily Rents Declined at Record Pace in Q3
via GlobeSt.com Job losses, combined with the expiration of unemployment benefits, may finally be taking its toll on the apartment market. After multifamily held up reasonably well in Q2, national asking and effective rents declined at a ...
Small Apartment Pricing Improves in Q3
via GlobeSt.com Throughout the COVID-19 recession, it has been anticipated that smaller apartment owners would bear the brunt of the problems in the multifamily sector. If rent payments are late or units are empty, there are fewer apart...
Voters Reject California’s Proposition 21
via GlobeSt.com Once again, California voters have decided not expanded rent control in the state. In Tuesday’s election, voters rejected Proposition 21. Had it passed, the measure would have allowed local jurisdictions to expand rent cont...
Californians once again reject bid to expand rent control in the state
via latimes.com California voters have again decisively rejected a bid to expand rent control statewide. The failure of Proposition 21 means that, once again, landlord groups have convinced voters that stricter limits on rent hikes are n...
L.A. Apartment Rents Down 6% Since the Start of the Pandemic
via GlobeSt.com Apartment rents in Los Angeles have declined 6% since the start of the pandemic, according to research from Apartment List. In September alone, rents fell 1.1% in the market. While this is a significant decrease, Los Angeles ...
Rent Payment Struggles Continue
via multihousingnews.com Recent reports detail a downward trend in residential rent collections as stakeholders seek solutions. More than six months into the coronavirus pandemic, multifamily trade groups and advocates are worried about t...
Single-Tenant Net Lease Finds Stability Through Pandemic
via GlobeSt.com Single-tenant net lease properties are finding stability through the pandemic—making them a standout in the retail market. Investors are taking note. A new report from Colliers International forecasts that investment-gra...
Apartment Rents Have Dropped in Nearly Half of the Top 100 Markets
via GlobeSt.com Rents are declining in markets across the country. A new national apartment rent report from the Apartment List shows that rents have declined in 41 of the top 100 markets in the country since the onset of the pandemic in Mar...