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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.

Recently, we’ve seen several positive signs indicating that the apartment industry had shaken off the worst impact of the pandemic and was headed in the direction of a recovery. Unfortunately, that forward momentum wasn’t present during the seven-day period ending on July 12, according to data from Radix. Traffic and leases were down for a […]

It would be hard to imagine someone better positioned to serve Radix clients than Lauren Kazimierek. After all, before joining our company in early 2020 as a Client Manager, Lauren was a Radix client herself. As the Assistant Property Director at Alta Drinkwater, a Wood Residential Services community, she used Radix to conduct market surveys […]

Traffic and Leases Move Up From Pandemic Low It’s been two months since the initial lockdowns started across the country. This week, we saw a number of other states start to open up, and our industry is showing some positive signs in terms of some leading indicators. On a national basis, both traffic and leases […]

When people picture crowdsourcing in action, the apartment industry doesn’t typically come to mind. We’re more inclined to think of big consumer brands getting ideas from their customers and the general public. Like the popular LEGO Ideas platform, through which users can submit their suggestions for new LEGO sets.  Or Waze, which has allowed many […]

Move-ins are done. Students, eager to learn and enjoying their lives away from home, are roaming through your community’s halls. Your onsite teams are kicking butt and taking names when it comes to managing resident life. Things are sitting pretty — at least for a while. Not too long after students move-in and start their […]

There are numerous benefits to optimizing and streamlining your market survey process. To start with, when you have reliable real-time data about your competitors’ rental and occupancy rates, you understand exactly how your community compares to its comp set and you can make truly informed pricing decisions. Also, when your busy onsite teams use an […]

When apartment operators are evaluating the performance of their communities, data about the surrounding submarket is absolutely critical. But not all submarket data is created equally. Although metro market reports produced by research organizations have an undeniable value in the assessment of a market’s performance, it would be a mistake for operators to rely on […]

When it comes to apartment market data, it’s important to make a distinction between “macro” and “micro.” Macro data refers to statistics like a metro area’s average rent or its occupancy rate. Micro data refers to the average rent or vacancy rate of a competitive set of communities. Think of it in terms of a […]

When it comes to understanding your apartment community’s performance, it certainly doesn’t hurt to look at as much market data as possible. Monthly and quarterly market reports compiled by research and brokerage firms about your metro area are worth reviewing, but they also have limitations. By the time they arrive on your desk or in […]