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.
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.
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.
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.
Low slope roofing is typically used for commercial buildings such as warehouses, factories, industrial buildings and multi-family housing units. Another term used for low slope roofing is flat roofing. If a roof is considered to be a low sloping roof then that means it has a slope of less than 3 inches per foot which accounts for the roof level going up less than 3 inches vertically for every horizontal foot. There are a handful of reasons for choosing a low slope roofing system over steep slope roofing but before deciding you need to know about low slope roofing first.
The multifamily housing sector certainly took a hit this past year but it still managed to weather the storm and persevere in comparison to others. However, property owners still felt the loss of income and are hopeful to start moving forward these next coming years with multifamily housing trends for 2021 providing that glimpse of hope they are looking for.
This year has certainly held it’s challenges but the question now presents itself, ‘ what will 2021 look like? At this point we can clearly see that 2020 will transition into the coming year but how it will transition into the new year for the multifamily industry holds its predictions. Let’s look at some highlights that may give us insight into the 2021 forecast for multifamily properties.
Depending on the area, a winter season can be long and harsh. Once the rain and snow come, getting onto a roof can be tricky and oftentimes dangerous. Preparing a multi-family housing roof for the winter is not only a precautionary step in avoiding roofing problems; it also aids in preventing accidents where roofers are concerned. Here is a list of things to winterize when preparing your multifamily housing roof for the winter.
Employment growth and overall household income have always played a part in driving the economy. Since the Covid-19 pandemic, people have been laid off and as a result, the economy has been impacted. Here we will look at how the multi-family industry has been impacted, what they can expect and what multifamily 2020 trends to watch for.
Multi-Family property insurance can be complicated at times because there can be so much to think about when it comes to making sure you are properly insured. The last thing anyone wants is financial loss so knowing what to look for in regards to property insurance is essential. Here are some things you will want to know about multi-family property insurance that can help when your ready to buy insurance.