News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Lindsay Machak / MULTIFAMILY EXECUTIVE / September 19, 2013
A 100-unit property can bring in more than a million dollars in additional revenue with just a few tweaks, according to some multifamily management pros.
During a panel session at the MFE Conference in Las Vegas on Sept. 10, a team of five experts discussed strategies of how to boost the bottom line of a 100-unit community with seven strategies.
Determining if you’re charging an accurate amount for rent and then raising the rents to meet your value was one of the first places the experts sought to increase money. It’s also where a 100-unit property might gain more than $400,000.
Using revenueRead More
Randyl Drummer / August 21, 2013
Vacancies, Rental Rates Have Reached A Tipping Point In Most Markets, Complicating Investors’ Search for Great Deals
The tightening competition among apartment investors will yield both winners and losers during this next supply-driven phase in the multifamily market. The winning developers will likely be those that offer products that are new and different, capturing renters who have an expanding menu of housing options and amenities.
“We’re past the point at which simply picking a market that will lead to a successful strategy,” said Luis Mejia, CoStar GroupRead More
Tim Trainor / CoStar / July 31, 2013
Rents in Warehouse Distribution Markets Play Catch-Up in Second Quarter as Increased Demand Spreads Across More Markets and Continues To Outpace Meager New Construction
Rents in a handful of top warehouse distribution markets posted year-over-year rent gains of 5% or more in the second quarter, virtually unheard of in the staid property sector more accustomed to 1.3% annual rental rate growth.
For the U.S. warehouse market as a whole, the average asking net rent rose to $4.75 per square foot, a 2.1% increase from one year ago. The upward trend in rents was boosted by 37.3 million squareRead More
Michael Neal / NAHB / May 17, 2013
The Bureau of Labor Statistics reported that its measure of consumer prices declined in April. According to the Consumer Price Index – Urban Consumer (CPI), prices faced by consumers declined by 0.4% on a month-over-month seasonally adjusted basis. This is the second consecutive monthly decline for the index. In March, consumer prices fell by 0.2%. Consumer prices have experienced three episodes of month-over-month declines in the past 6 months and 5 instances of monthly declines over the past twelve months. Over the past year, consumer prices have risen by 1.1% on a not seasonally adjustedRead More
All signs point to a stronger housing market this year, but economists agreed at the AFT Live conference in early April in Las Vegas that there’s still a ways to go.
“It has not been a stellar recovery,” said David Crowe, chief economist of the Washington, D.C.-based National Association of Home Builders.
He estimated that GDP growth will be less than 2 percent, and with housing performing at three to four times the speed of the rest of the economy, it still makes up only less than 3 percent of the overall economy, although it should be twice as much.
“The forecast still shows some weakness,”Read More