Written by our very own, Brad Cribbins: There is no shortage of market data in multifamily. What’s lacking are
The national occupancy rate was down 0.1% YoY, but the leased percentage rate had risen by 0.2%. So, frankly, most of the national operating metrics are not down a whole lot from their pre-pandemic highs. This doesn’t mean that certain metros haven’t experienced major turbulence.
Doing manual market surveys is very time consuming, and associates are prone to making errors when doing them. Automating your market surveys ensures you’re getting true apples-to-apples comparison data, and it frees up your associates to spend more time taking care of prospects and residents.
Multifamily performance data continues to behave like it did during the mid-summer, when the pandemic induced a variety of ups and downs. Typically, seasonality means things slow down a bit in the fall, and we see very little difference in metrics week over week.
Labor Day marked the unofficial end of summer. On a national basis, multifamily data and metrics have been hovering around the same points since mid-summer. But in the week ending on Sept. 6, we saw the biggest closing of that YoY gap since March.
Former CEO of Alliance’s Property Management division seeks to accelerate the adoption of performance-optimizing data
With the coronavirus pandemic continuing to rage in many parts of the country, the week ending on Aug. 9 showed most of the major apartment metrics experiencing slight declines, according to Radix data. National occupancy and leased percentage rates were flat.
In general, the apartment market has shown fairly steady improvement since its low points early on in the pandemic. Last week, I cautioned that one bad week can be just that: one bad week. During the week ending on July 19, we saw moderately positive uptick.