Market Intel

Student housing landlords are feeling the pinch of the pandemic as college students are reluctant to move back to campuses across the country and many universities are delaying the start of in-person classes. College dorm food is getting replaced with mom’s cooking as 2 million more young Americans lived with parents and grandparents in August than a year earlier, an 11% gain, according to a report from residential data provider Zillow. Campus closings and rising

Amy Erixon, the president of global investment management at Avison Young, didn’t have to go too far out on a ledge to figure out the coronavirus might be driving demand for balconies. “The things that you would not rent without or are essential and you must have really reflect the reality of a COVID period where you spend a lot more hours in your unit than previously,” Erixon said. In a new preferences survey of

Big apartment deals are finally picking back up in metro Phoenix after drying up during the early months of the coronavirus pandemic, experts say. Closings of large transactions were few and far between in late spring and early summer, according to Vizzda LLC’s real estate database, but more of those larger sales are starting to happen now. For example, Los Angeles-based Tides Equities LLC is in escrow to buy 2,400 apartment units totaling $400 million,

It’s too soon for most developers to sign a contract to buy a failed hotel—but apartment developers are watching and waiting for prices to drop to buy other property types damaged by the economic crisis to redevelop into multifamily buildings. Even before the crisis, apartment developers were eager to buy well-located properties like old office towers and empty malls that they could transform into apartments. The chaos of the pandemic caused most of these developers

Apartment rent collections during the coronavirus pandemic are unfolding as a deterioration rather than a collapse that some industry executives expect to keep worsening in coming months. The National Multifamily Housing Council said Wednesday 86.2% of renters made a payment this month through Sept. 13. That’s an increase as expected from the 76.4% that paid up by Sept. 1. But it’s down from the 86.9% that paid by Aug. 13, a sign that the rate

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.4 percent of apartment households made a full or partial rent payment by September 6 in its survey of 11.4 million units of professionally managed apartment units across the country. This is a 4.8-percentage point, or 552,796-household decrease from the share who paid rent through September 6, 2019 and compares to 79.3 percent that had paid by August 6, 2020. These data encompass a wide