According to a report by CBRE, the overall multifamily vacancy rate increased by 30 basis points (bps) quarter-over-quarter in Q1 2023 to 4.9%, which was less than the 70-bp increase in Q4 2022 and the 90-bp jump in Q2 2022. Learn more now.
Starting January 1, 2023, new HVAC regulations will come into effect and I'm sure you're wondering how this changes. These changes will increase the required minimum efficiencies for residential and commercial HVAC (packaged unitary rooftops, split systems, Mini-VRF, and mini-splits) equipment starting on January 1st, 2023
As the rapid surge in demand witnessed in recent years begins to taper off and fresh supplies flood the market, multifamily communities are doubling down on their efforts to enhance resident retention.
The Texas real estate market has always been dynamic, and as we look ahead to 2024, multifamily property owners are exploring ways to enhance their investments. One key strategy that promises significant returns is interior renovations.
Inspire, Powered by FAA, the Annual Conference & Trade Show, is the premier state conference for the apartment industry. More than 1,200 multifamily housing industry professionals across Florida will converge in central Florida for FAA's biggest event of the year.
In the realm of multifamily housing, amidst the ever-shifting landscape, one steadfast factor remains the crucial role of maintenance teams in resident retention and lease conversions. The community's maintenance squad forms the heart of operational efficiency, not only within individual units but also spanning communal spaces and beyond.
New rental apartments are outpacing new construction, according to RentCafe’s Adaptive Reuse Report. The report shows that the number of adaptive projects grew 25% from pre-SARS years and almost doubled during the three-year period between 2020 and 2021. This growth is largely due to office-to-residential conversions as well as emerging niches like former healthcare and religious buildings.