| Why U.S. Apartment Rentals Will Continue to be a Good Investment Choice A major and unprecedented structural shift has occurred in the real estate market due to a variety of demographic and socioeconomic factors. Occupied U.S. rental apartment units rose by 20 percent above the prior 10-year period. Real estate investment managers’ allocations to institutional-quality multifamily product have risen on…» |
| What’s Next For Apartment Amenities? Thanks to 21st-century technology, modern consumers are conditioned to expect an Uber ride, dinner delivery, or online order from Amazon in a nanosecond. Likewise, renters at the average Class A property expect their community to give them the same instant gratification and provide access to on-site concierge services on-demand,…» |
| Chicago Developer Makes Phoenix Debut with Proposed Downtown Apartments A Chicago-based developer of trendy apartment communities is planning a $100 million project on a full city block in downtown Phoenix. The 2-acre site – bounded by Second and Third avenues and Van Buren and Monroe streets – is within walking distance of several music and entertainment venues, such as Comerica Theatre and…» |
| Rent Growth at a 10 Month High in the United States in February, Latest Index Shows Residential rents in the United States increased by 2.4% in the 12 months to February 2019 to a median value of $1,472 per month, the latest real estate index shows. This translates to more than $400 in additional yearly expenses for the typical renter, according to the data from real estate firm Zillow. The index report points out…» |
| How Downtown Phoenix Will Keep Evolving Downtown Phoenix looks much different than it did just a few years ago. It’s a trend that will continue in the coming years as the central city remains a focal point for economic development and population growth. From Roosevelt Row to Van Buren Street west of First Avenue, a number of projects are either nearing completion or…» |