06.28.2023
Apartment Rents Decline YoY for First Time
May 2023 brought some unpleasant news for landlords and developers. For the first time in Realtor.com’s data history, there was a year-over-year rent decline for 0-2 bedroom-units since numbers started to be tracked three years…
Read More06.27.2023
Office Vacancy Rate Rises 30 Basis Points in One Month
Fresh confirmation, if it was needed, that the U.S. office market is in trouble comes from recent data on vacancy compiled by CommercialEdge in a June 2023 report. “The national office vacancy rate in May was…
Read More06.18.2023
Titan Development unveils $35M multifamily complex at Journal Center
Titan Development last week unveiled the firm's new, 158-unit multifamily complex at Journal Center, a business park in Northeast Albuquerque. The project, Allaso Journal Center, is part of Titan Development's Allaso series of projects and was constructed by…
Read More06.16.2023
Expenses Rising Faster Than Revenues for Many Apartment Owners
Expenses are rising faster than revenues for multifamily affordable housing properties, a trend that will likely continue to accelerate, according to a new report from S&P Global Ratings. Property owners saw net income per unit…
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