Bendix Anderson

As more multifamily developers experiment with modular construction, its use is increasing.

“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.

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.

After slowing down slightly in 2017, buyers are again pouring cash into purchases of student housing properties.

Apartment projects are becoming more expensive to build, straining development budgets.

Technology that make new connections to equipment that residents already use may be among the next offerings multifamily residents expect.

Some are watching fast-growing secondary markets closely to see how they absorb the new apartments now under construction.