More than 66,000 Build-to-Rent Units Underway in Sun Belt
https://www.realpage.com/analytics/btr-update-november-2023/
Nearly 115,000 BTR units were under construction across the U.S. as of November, according to RealPage Market Analytics.
Nearly 115,000 BTR units were under construction across the U.S. as of November, according to RealPage Market Analytics.
Even prior to the passing of the CARES Act on March 27, we’ve fielded countless questions on the implications to the apartment industry. From evictions to fees to rent payments to mortgage forbearance, here are answers to some of the most frequently asked questions. Mike Semko, RealPage’s vice president of legal and a former counsel read more
It’s true: apartment construction is at a 50-year high with about 1 million units under construction. But that’s not as much cause for worry as you may think.
In a handful of apartment markets, solid 2nd quarter demand accounted for more than 100% of annual absorption, according to RealPage.
As apartment supply surges nationwide, a growing imbalance between deliveries and absorption has characterized several markets since 2019.
During 1Q23 earnings calls, multifamily REIT executives noted positive momentum in 1st quarter 2023 and discussed that may or may not mean for prime leasing season.
RealPage gives examples of the type of apartment or build-to-rent projects that will still be breaking ground in today’s environment.
Dive into data on one of Texas’s busiest submarkets, where robust leasing and new development fuel continued multifamily market strength.
Cleveland’s apartment revenues increased notably in the past year, despite occupancy loss.
Over the past five years, some Charlotte submarkets have seen existing apartment counts grow by more than 50%.