Apartment developers are betting big on city centers throughout the United States, with roughly a quarter of all new construction projects happening in downtown regions. The trend represents a rebound from over five decades of urban decay. And according to economists at Freddie Mac, this trend won't be slowing down anytime soon. Downtown apartment construction has always faced several barriers to entry, the most notable being lack of space,Read more
Despite economists' warnings of slowing rent growth, a new first quarter report indicates that the market may outperform expectations in 2015. The rise in rent growth is attributed to falling vacancy rates in apartment communities throughout the country. However, the supply and demand dynamic is more complicated than one might originally think. According to an April 6 article on MultifamilyExecutive.com, Reis Senior Economist and Director of Research Ryan SeverinoRead more