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
By Brad Cribbins There is no shortage of market data in multifamily. What’s lacking are effective platforms allowing real-time reporting and visibility into a market’s
The apartment data analytics firm also unveils study showing its client communities consistently outperform comps and experience higher rents. As the provider of a
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.
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