May Multifamily Performance is Modest
While May showed positive multifamily performance with healthy demand for apartments, the ongoing supply is still a challenge in some markets, according to Yardi Matrix in its May National Multifamily Report.
Thus, May was a...
FBI Searches Property Management Company in Rent Price-Fixing Investigation
The FBI searched property management company Cortland Management’s headquarters in Atlanta in an unannounced search on Wednesday, May 22, according to several reports, as part of a multifamily rent price-fixing investigation.
National apartment developer Cortland...
Multifamily Indicators Flat in May
While 2024 may have peaked, 2025 looks more positive as multifamily indicators in May were mostly flat, writes Chris Nebenzahl in his weekly rent and operating trends report for Radix.
“Traffic and leasing have remained...
Rent Prices Up Slightly For 4th Month, but Vacancies High
Rent prices continued to move up in May, the fourth consecutive month, Apartment List says in its June report.
Eighty of the nation’s largest 100 cities had rents increase in May, according to the report....
May Shows National Rent Growth Rates Over 1%
National monthly rent growth rates topped 1% in May, with the exception of large California cities that saw declines, Zumper says in its monthly report.
“May marks the first time we’ve seen national monthly growth...
Where Were Top 5 Cities for Rental Activity in April?
Where in the country were the top five cities for rental activity in April? As the rental season picks up and apartment hunters remain actively engaged in their search for suitable living spaces, RentCafe...
NAA Announces 2024 Top Employers Award Winners
The National Apartment Association (NAA) has announced the winners of the 2024 NAA Top Employers Awards, which recognize member organizations that foster environments of collaboration, innovation and hard work.
NAA’s Top Employers Awards pay tribute to...
Rent Growth Continues in Secondary Markets
Many midsize markets in the Midwest, Northeast and South are still experiencing strong rent growth even while new apartment construction supply continues to weigh down asking rents in pandemic boomtowns, according to Yardi Matrix’s...
Phoenix, Tucson Rents Flat Month-Over-Month
Phoenix rents are flat month-over-month and down 3.8% year-over-year, according to the May report from Apartment List.
Phoenix’s rent growth over the past year has fallen behind both the state (-2.7%) and national (-0.8%) averages.
Four...
Portland Rents Rise in April, Decreases Over Year
Portland rents rose 0.8% in April, making the overall median rent in the city $1,549, according to the May report from Apartment List.
While the median rent in Portland rose over the course of April,...