I recently attended a Best Ever Conference webinar on their quarterly CRE market update, hosted by Benjamin Lapidus, John T Chang, Todd Hanson and Kunaal Kumar
If you haven’t been to their annual event, I highly recommend attending next year in Salt Lake City
The session was packed with valuable insights, below are some key takeaways:
📈 High Demand for Apartments: Due to high barriers to homeownership,
demand for apartments remains strong as fewer people transition from renting to buying
⏫ Regional Rent Growth: The Midwest and Northwest are seeing robust rent growth, while migration to the Sunbelt has slowed
🏦 Multifamily Operating Expenses: Multi-family operating expenses increased 6.5% year-over-year, led by a 36% increase in insurance costs, followed by property taxes and labor costs
💡 Strategic Spending: Savvy operators are implementing technology to reduce insurance costs, and maximize employee productivity
🗓 Election Impact: While upcoming elections could impact real estate, historically, the market tends to performs well regardless of the administration
If you’re interested in learning how InvestNext can help increase efficiency and lower costs in this dynamic market, let’s connect
Feel free to schedule a chat through my Calendly link in the comments
Evan Haft Thomas Pellegrino Andrew Berg Cassandra Lettieri Julian Cockerham Anthony Costanzo Dan Richardson