Radix News

Making sense of life can be often overwhelming in a world that is rapidly changing and taking on new shapes. Your basic values tend to stick with you throughout, which is one of the reasons they need proper establishment from the get-go. Our CEO, Blerim Zeqiri, held a talk around five core values that he… Continue reading Dare To Live Your Values – TEDx ​

Share This Post The U.S. economy is now firmly playing defense as additional fundamental weaknesses emerge. Major equity indices have fallen back into bear market territory, and GDP will likely remain negative when the final estimate of second quarter economic growth is released on Thursday. Job growth and consumer and corporate balance sheets remain a… Continue reading Rent and Operating Trends Week of September 25th ​

Share This Post There’s no doubt that affordable housing is a hot topic in many communities across the country. From city leaders and elected officials to nonprofit organizations and everyday citizens, everyone seems to be searching for ways to make housing more affordable. Chris Bruen, Senior Director of Research at NMHC, believes that the problem… Continue reading The Housing Affordability Dilemma with NMHC’s Chris Bruen ​

Share This Post The August Consumer Price Index came in higher than anticipated despite declining energy costs in recent months. Many economists were hoping for further deceleration in overall prices, and the unexpected increase sent markets into a tailspin. As a result, the Fed is now almost certain to raise interest rates at least another… Continue reading Rent and Operating Trends Week of September 18th ​

Share This Post Economic volatility continues to confuse market participants as new data fails to provide a consistent message on the health of the overall economy. A robust employment market set against declining GDP and high inflation has most stock and bond analysts scratching their heads. The Fed has made it clear they will maintain… Continue reading Rent and Operating Trends Week of September 11th ​

Share This Post As the summer unofficially comes to a close, the U.S. economy finds itself in a similar place to where it was when the summer began. Volatility, disparity among economic indicators, and rising interest rates highlight the key aspects of the current economic landscape. And while we have focused mostly on the domestic… Continue reading Rent and Operating Trends Week of September 4th ​

Share This Post While the fundamental underpinnings of the U.S. economy did not change as the result of last week’s speech from Fed Chair Jerome Powell, the remarks, and the stern and straightforward tone with which he delivered them indicates that the economy is likely in for a challenging slog. Contrary to typical Jackson Hole… Continue reading Rent and Operating Trends Week of August 28th ​

Share This Post As the fall approaches, the U.S. economy continues to show signs of a slowdown, however given the strength of the employment market, the likelihood of a soft landing is high. The price of oil retreated from its recent high in June, and if the trend continues, I expect to see inflation decline… Continue reading Rent and Operating Trends Week of August 21st ​

Share This Post July inflation came in at 8.5% on a year-over-year basis, and in a sign of the recent times, many economists and wall street analysts celebrated the lower-than-expected report. Economists had anticipated 8.7% price growth following 9.1% in June. As a result, equity markets continued to rebound from early-summer lows. The modest inflation… Continue reading Rent and Operating Trends Week of August 14th ​

Share This Post Economic optimists ended last week on a strong note, as the July employment numbers showed more than half a million new jobs added last month. New jobs were added across a variety of sectors, showing the diversity and strength of the continued employment recovery. In fact, with the significant increase in jobs… Continue reading Rent and Operating Trends Week of August 7th ​

Share This Post The U.S. economy continues to show signs of weakness as growth has slowed significantly throughout the first seven months of 2022. By the traditional definition, the economy entered a recession after posting a second consecutive quarter of contracting GDP, according to the initial second quarter estimate released last week. While many economists… Continue reading Rent and Operating Trends Week of July 31st ​

Share This Post Inflationary pressures remain throughout the economy; however, a welcome sight may be emerging as oil prices appear to have stabilized around $100 per barrel. While the cost of a barrel of oil remains elevated above long-term trends, the current price reflects a decline from its peak in recent months. For the past… Continue reading Rent and Operating Trends Week of July 24th ​

During this reporting period, there has been very minimal movement recorded in the leading metrics, although national NER did post another sizeable gain. National rental markets seem to be holding even as Delta strain increases around the nation. These factors present the biggest threat to national rental rates since the start of the surge late… Continue reading Rent and Operating Trends Data – August 15th ​

This week’s rent and operating trend data indicate positive growth, as all our key metrics are up week-over-week. Occupancy and leased rates both bounced back 10 basis points after last week’s dip. National average NER jumped up 0.6% WoW, continuing the streak of uninterrupted weekly NER gains since mid-December. With this streak now seven months… Continue reading Rent and Operating Trends Data – July 18th ​

This week, national metrics remained strong during the week after the Memorial Day holiday. Leading indicators continue to predict strong growth nationwide as we head into the summer months. NER notched another week of 80 basis point gains, rising to $1,737. National NER is currently only 2.4% below the pre-pandemic high and will close that gap… ​

There is great news to report this week, as National NER for 2 and 3 bedrooms have officially moved positive YoY. Rising this week to $1,882 and $2,181 respectively, both are now within striking distance of their pre-pandemic highs. The 2-bedrooms need to recover to a pre-pandemic high of… ​

This week, there was a slight slowdown in the recent streak of strong week-over-week gains as some of the metrics, especially leading indicators such traffic and leases per week, are on pause from the increase from last week. Meanwhile, occupancy and lease rates are holding steady and NER is posting more modest… ​

As we continue to report Rent & Operating Trends Data and leading indicators traffic, occupancy, leasing, and net effective rent (NER), we are happy to share that we’ve expanded our sampling and added Jacksonville, Raleigh, and Salt Lake City into the regular rotation of markets.   After last week’s surge in leading indicators, weekly leases… Continue reading Rent & Operating Trends Data Report: Week Ending 3/14/2021 ​

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. ​

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. ​

Share This Post The U.S. economy is now firmly playing defense as additional fundamental weaknesses emerge. Major equity indices have fallen back into bear market territory, and GDP will likely remain negative when the final estimate of second quarter economic growth is released on Thursday. Job growth and consumer and corporate balance sheets remain a… Continue reading Rent and Operating Trends Week of September 25th

Share This Post There’s no doubt that affordable housing is a hot topic in many communities across the country. From city leaders and elected officials to nonprofit organizations and everyday citizens, everyone seems to be searching for ways to make housing more affordable. Chris Bruen, Senior Director of Research at NMHC, believes that the problem… Continue reading The Housing Affordability Dilemma with NMHC’s Chris Bruen

Share This Post The August Consumer Price Index came in higher than anticipated despite declining energy costs in recent months. Many economists were hoping for further deceleration in overall prices, and the unexpected increase sent markets into a tailspin. As a result, the Fed is now almost certain to raise interest rates at least another… Continue reading Rent and Operating Trends Week of September 18th

Share This Post Economic volatility continues to confuse market participants as new data fails to provide a consistent message on the health of the overall economy. A robust employment market set against declining GDP and high inflation has most stock and bond analysts scratching their heads. The Fed has made it clear they will maintain… Continue reading Rent and Operating Trends Week of September 11th

Share This Post As the summer unofficially comes to a close, the U.S. economy finds itself in a similar place to where it was when the summer began. Volatility, disparity among economic indicators, and rising interest rates highlight the key aspects of the current economic landscape. And while we have focused mostly on the domestic… Continue reading Rent and Operating Trends Week of September 4th

Share This Post While the fundamental underpinnings of the U.S. economy did not change as the result of last week’s speech from Fed Chair Jerome Powell, the remarks, and the stern and straightforward tone with which he delivered them indicates that the economy is likely in for a challenging slog. Contrary to typical Jackson Hole… Continue reading Rent and Operating Trends Week of August 28th

Share This Post As the fall approaches, the U.S. economy continues to show signs of a slowdown, however given the strength of the employment market, the likelihood of a soft landing is high. The price of oil retreated from its recent high in June, and if the trend continues, I expect to see inflation decline… Continue reading Rent and Operating Trends Week of August 21st

Share This Post July inflation came in at 8.5% on a year-over-year basis, and in a sign of the recent times, many economists and wall street analysts celebrated the lower-than-expected report. Economists had anticipated 8.7% price growth following 9.1% in June. As a result, equity markets continued to rebound from early-summer lows. The modest inflation… Continue reading Rent and Operating Trends Week of August 14th

Share This Post Economic optimists ended last week on a strong note, as the July employment numbers showed more than half a million new jobs added last month. New jobs were added across a variety of sectors, showing the diversity and strength of the continued employment recovery. In fact, with the significant increase in jobs… Continue reading Rent and Operating Trends Week of August 7th

Share This Post The U.S. economy continues to show signs of weakness as growth has slowed significantly throughout the first seven months of 2022. By the traditional definition, the economy entered a recession after posting a second consecutive quarter of contracting GDP, according to the initial second quarter estimate released last week. While many economists… Continue reading Rent and Operating Trends Week of July 31st

Share This Post Inflationary pressures remain throughout the economy; however, a welcome sight may be emerging as oil prices appear to have stabilized around $100 per barrel. While the cost of a barrel of oil remains elevated above long-term trends, the current price reflects a decline from its peak in recent months. For the past… Continue reading Rent and Operating Trends Week of July 24th

Share This Post As the macro economy shifts rapidly from growth to a recession, what are the main factors that will impact the multifamily market? Blerim Zeqiri, CEO and Founder of Radix, joins us to share his thoughts on the current economic situation, the impact of rising interest rates, and how owners and operators can… Continue reading Multifamily Impacts Of Economic Volatility

Like many of us at Radix I come from the multifamily apartment industry. Prior to starting in multifamily, I worked on the services side of the industry, offering personal training and group fitness classes to residents. After getting to know one… ​

Like many of us at Radix I come from the multifamily apartment industry. Prior to starting in multifamily, I worked on the services side of the industry, offering personal training and group fitness classes to residents. After getting to know one… ​

One of the highlights of 2020 for Radix has been the addition of Aaron Thatcher, a talented software engineer with a wide range of experience.   Aaron joined us in February as a technical lead. In this position, he is charged with designing and implementing ongoing improvements to the Radix platform and products. We could… Continue reading Q&A with Aaron Thatcher, Technical Lead at Radix ​

2020 is bound to be an exciting year for Radix. We’re poised for significant growth as more apartment owners and operators realize the benefits of our cutting-edge market-survey platform.   Adam Harris, our new vice president of sales, will help us strategically manage and maximize that growth. A multifamily veteran with invaluable experience on both… Continue reading Q&A with Adam Harris, Radix’s New VP of Sales ​

Everyone knows how important it is to capture asking rents from competing apartment communities. And conducting weekly market surveys is the most common practice to secure this vital business intelligence. When done right, market surveys can provide invaluable insight into whether a community’s rental rates are too high, too low or competitive.   A key… Continue reading Why Now is the Time to Stop Using Excel ​