A global leader in commercial real estate services and investment, CBRE, forecasted occupancy levels in multi-family housing to remain above 95% in 2022 with a 7% growth in net effective rents. For now, these numbers are promising as new households are placing a high demand on rentals, leaving property owners to just worry about how they will market their multi-family units.
Regardless of the climate, commercial roof ventilation is vital in keeping a building properly ventilated. Humidity and hot air will always rise to the highest point of a building. If it doesn’t have anywhere to go it can cause a variety of problems. Having the right ventilation system in your commercial building will help prevent these problems from occurring and save your pocketbook from unwanted expenses.
It’s said that every person will move roughly twelve times in their entire lifetime. That’s a lot of moving when you think about it and this last year proved to be a year where it seemed that everyone was moving somewhere. With an increase in remote working opportunities and the shifting economy, many Americans pursued relocating to areas that appealed to their personal preferences rather than living places for practical reasons like job proximity.
This season of the pandemic has certainly had its losses but not when it came to the return on S&P 500 with last year’s total return at more than 27%. The question is will this year hold last year’s bull market by the horns or should stockholders and traders be ready for a different kind of year; one that will require investment strategy within specific markets?
Repairing a roof can be costly but replacing it will certainly have you spending thousands on a new roof making maintenance an absolute must in order to prevent unnecessary expenses. The typical lifespan of a multifamily roofing system can average anywhere from 20-50 years so maintaining your multifamily roof will contribute to its longevity.
The new year looks to be a mixed pot of increases and decreases according to the multifamily housing forecast for 2022. This past October Fannie Mae’s housing forecasts projected higher multifamily housing starts over single-family homes within the following six months but also anticipated lower GDP growth and higher inflation.
It may surprise you that the pests people are most commonly concerned about are the least likely to be encountered within apartments and multi-family homes. Pests like bed bugs are by far the most feared pest of all pests based on a survey taken by Orkin but flies actually make the top of the list for the most common pest found in apartments and multi-family living spaces. Though you may not be able to get rid of all pests completely it’s certainly a problem worth addressing as 85% of renters have expressed encountering some kind of pest in their apartment according to the National Apartment Association. For landlords and owners, this is something worth paying attention to as pests can quickly take up residence and become a full blown infestation.
An eviction ban was first put into place when the Trump administration suspended the possibility of eviction for those who suffered job loss due to the coronavirus pandemic along with the CDC also announcing it as an emergency action that was necessary under law. Since the placement of the original ban in September of 2020, a new eviction ban has been put into place but will expire early this fall which is promising for landlords and property owners.
Finding the right commercial roofing company is essential for your business. Everything you do will be done under the roof of your building which means that potential problems within the framework and structure of your roof could impact the everyday flow of business making it important to find the right one. So where do you start? Let’s look at a few tips in finding the right roofing company in Georgia.
With warm weather most of the year, ample employment opportunities and a high quality of living it’s easy to see the appeal of living in the city of Atlanta or its outskirts. In the last handful of years Atlanta has been attracting the masses as they continue to experience tremendous growth, creating high demand for multifamily housing which is only predicted to increase in the next few years. Known as an iconic American city Atlanta is one of the fastest growing cities in the country. Home to fifteen Fortune 500 companies, Coca-Cola. UPS, CNN and Delta Airlines just to name a few, it is an international hub of culture and media.