Throughout the past two-and-a-half years, we have seen asking multifamily rents climb at the fastest pace on record, at 21.7%. But with this, the asking multifamily rents have now fallen month-over-month for the first time since May 2020. The Fed has been aggressive with rising interest rates to combat inflation. These rising rates will eventually take its toll on the...
Yardi National Multifamily Report April 2022 Source: Yardi Matrix Amidst the U.S. economic volatility and recent hiccups, multifamily continues to strive while having a small handful of weaknesses within the product type. Even then, the demand for rent growth remains prominent as it has been positive in each of the top 30 metros over the past year. While many thought multifamily growth...
Source: WSJ, article link here. Article Summary Below: Investors have spent $63 billion on apartment buildings from 2019 to 2021, the highest figure on record. Prices paid for apartment buildings increased 22.4% from the first quarter of last year to the first quarter of this year. But with this, interest rates have quickly risen this year as well. This caused some multifamily...
Article Source Courtesy of CoStar Rents for San Diego Multifamily have risen 13.5% in the last 12 months in the San Diego Multifamily apartment market. But when adjusting for inflation, which was up 8.2% this year (and 7.9% in San Diego itself), the San Diego Multifamily rent growth rate is currently at 3.5% and is set to be at just under...
April2022-newsletter Lee & Associates - North San Diego County Commercial Real Estate Newsletter...
Lee & Associates - North San Diego County Commercial Real Estate Newsletter March 2022 Newsletter...
In today's post I've added info from C.A.R. Research and Economics on the monthly housing outlook. As apartment building investors in San Diego County it's important to keep an eye on what's happening in the single family housing market and be on the look out for trends or signs in a shift in apartment buildings. Generally speaking, the more affordable houses...