“Occupancy is hovering around 95 percent, and that’s a healthy rate, especially with lots of product moving through initial lease-up,” says Greg Willett, chief economist with RealPage Inc.
In advance of any downward movement, the best owners and managers are examining what can be done proactively to recession-proof properties.
The practice of fair housing is fully complex and highly nuanced, a sensitive reality that certified property managers whose focus is apartments have to embrace on a daily basis.
Removing parking requirements would be one of the simplest ways to ease California’s housing crisis.
Property managers offered free rent to attract residents at roughly one-third (30.0 percent to 35.0 percent) of apartments in cities including Las Vegas, San Antonio and New York.
When REITs buy new buildings or start construction, they are showing a surprising focus on garden apartment properties.