Thanks to historically low mortgage rates that spurred increased investment in second homes during 2020 and 2021, Zillow economists anticipated a surge of first-time landlords in 2023.
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.
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.
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.
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.
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
Covid-19 generated new behavioral patterns in the workplace, with work-from-home becoming widely accepted. Learn about ways to motivate your leasing office today.