With housing affordability reaching its lowest point in over a decade, Americans have grown increasingly concerned about where they can expect to rent an apartment. Wage and job growth are continuing, but the glut of affordable housing across the country will have a real impact on renters for the foreseeable future. With this in mind,…
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For the past 12 years, Berkadia Real Estate Analyst Hassan Dixon has made a point to give back to the communities that he has grown up, worked, and lived in, from hosting leadership programs at local elementary schools to visiting the elderly, and he currently serves as the Quality of Life chair for a local […]
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2018 was a strong year for our Las Vegas team and the greater Las Vegas market—Greater Las Vegas apartment operators advanced effective rent on average 6.5 percent, to lead all major metros for growth in 2018, and expansion across the Las Vegas metropolitan area bodes well for the future of the apartment market. Employment is […]
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Despite a cautious optimism permeating the commercial real estate industry, rent growth across the country is expected to slow through 2019. Not all markets are succumbing to this trend, however. Several late-recovery and secondary markets that have found their footing and these metro’s present ideal opportunities for new multifamily projects. As we’ve noted in previous […]
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Comparing job sector growth and development trends across the two most recent boom cycles (2001-2006 and 2012-2017) sheds light on why some markets were successful in turning economic weaknesses into strengths. Many of these markets now enjoy positive, resilient fundamentals for multifamily. With members of the industry feeling cautious about the economy, now is the right […]
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With housing affordability reaching its lowest point in over a decade, Americans have grown increasingly concerned about where they can expect to rent an apartment. Wage and job growth are continuing, but the glut of affordable housing across the country will have a real impact on renters for the foreseeable future. With this in mind, […]
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The new year is already underway, and several economic trends have begun to shape how investor and advisors alike are gauging their commercial real estate opportunities in 2019. A few narratives stand out as the key make-or-break issues influencing the CRE industry over the next 12 months, and this quick overview provides a succinct breakdown […]
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In the period just prior to 2008, the commercial real estate sector was riding a wave of unbridled optimism. That positivity was fueled by unprecedented price growth and confidence that values were only headed in one direction: upward. Enter the Great Recession, following the collapse of Lehman Brothers in the fall of 2008. Suddenly the […]
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Despite rumors to the contrary, millennial professionals are more concerned about getting a job and paying their bills on time than being within walking distance of a trendy mixed-use development. Young renters are gravitating toward locations with these strong economic fundamentals to serve as a post-graduation landing spot: Competitive starting salaries Affordable multifamily housing Proximity […]
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