Gelbgroup Consulting’s Post

As we count down to YASC Toronto (Nov. 13-14), the next few Terms of the Week will be highlighting aspects of the Canadian real estate and property management market. If you’re attending, be sure to come by booth 8 where the Gelbgroup team is excited to see you! 🏢 #TermOfTheWeek: In-Place Rent In-Place Rent, a term commonly used in both Canadian and U.S. markets, represents the aggregation of all rents in a given market, including new leases, renewals, and existing leases. While the term is consistent across North America, Canadians often discuss it in the context of "total achieved rents." Key aspects of In-Place Rent analysis: 1. 📊 Provides comprehensive market overview 2. 💰 Tracks actual achieved rents across property types 3. 📈 Measures real market growth over time 4. 🔄 Includes all lease types for complete perspective 5. 🎯 Enables accurate cross-border portfolio benchmarking Did you know? According to Yardi's Q4 2024 Canadian National Multifamily Report, the national average in-place rent increased $26 in Q3 2024 to $1,547, representing a $90 increase over four quarters and 6.2% year-over-year growth. For Yardi users in both Canada and the U.S., tracking In-Place Rent trends is essential for: • Making informed investment decisions • Understanding market position • Planning portfolio strategies across North America Source: Yardi Canadian National Multifamily Report, Q4 2024 #RealEstate #PropertyManagement #YardiSystems #CanadianRealEstate #NorthAmericanRealEstate #YASC2024

For investors interested in learning the latest about what is happening in the US Multifamily market, this webinar with CoStar will be insightful! Feb 28th @ 11:00am

Dive into the dynamic world of multifamily real estate with our latest blog post! 🏢💼 Discover how the Northeast is defying national trends with a surprising surge in revenue. Uncover the intricate dance of occupancy rates, rent fluctuations, and market cycles that shape the fortunes of landlords and tenants alike. This is your insider's guide to understanding the forces at play in 82 key markets across the U.S. Don't miss out on these crucial insights—read on for a deep dive into Moody's multifamily market analysis. #RealEstate #MarketTrends #InvestmentInsights Read my latest blog post: https://lnkd.in/eQu4R7Ta

The Midwest is the current darling for rent growth. As units are absorbed over the next 12-24 months, there should be upward pressure on rents in currently oversupplied markets. If you can buy now with acceptable metrics, profit should follow in the next 1-2 years.

Yardi Matrix's latest report shows steady growth in the U.S. multifamily market. 📈 As of May 2024, the average asking rent rose to $1,733, marking a 0.6% YoY increase, with national occupancy at 94.5%. Single-family rentals outperformed, with rents up 1.4% YoY to $2,166. 🏡 Key points: Average multifamily rent: $1,733 Annual multifamily rent growth: 0.6% Single-family rent growth: 1.4% National occupancy: 94.5% Steady demand and incremental growth highlight a resilient rental market. Stay tuned for more updates and insights! 💼 #realestate #multifamily #rentalmarket #YardiMatrix #investing

Our latest blog post reviews trends in the Multifamily sector and compiles a list of the Q1 trends and sales activity in Tampa, FL, courtesy of CoStar Group Inc. Click here to read more: https://lnkd.in/gGFYtF4g #commercialtrendsreport #commercialrealestate ##tampacommercialrealestate #floridacommercialrealestate

𝐌𝐮𝐥𝐭𝐢𝐟𝐚𝐦𝐢𝐥𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞: 𝐑𝐞𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐎𝐜𝐜𝐮𝐩𝐚𝐧𝐜𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 Recent data from Yardi Matrix reveals interesting shifts in the multifamily landscape: 🌇 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐚𝐬𝐤𝐢𝐧𝐠 𝐫𝐞𝐧𝐭: $1,721 in September 2024 🌇 𝐘𝐞𝐚𝐫-𝐨𝐯𝐞𝐫-𝐲𝐞𝐚𝐫 𝐫𝐞𝐧𝐭 𝐠𝐫𝐨𝐰𝐭𝐡: 0.6% 🌇 𝐎𝐯𝐞𝐫𝐚𝐥𝐥 𝐨𝐜𝐜𝐮𝐩𝐚𝐧𝐜𝐲 𝐫𝐚𝐭𝐞: 94.8% (down 20 basis points year-over-year) Top performers for year-over-year rent growth: 🌇 Indianapolis (3.6%) 🌇 Columbus (3.3%) 🌇 Kansas City (3.2%) At Carbon, we're closely monitoring these trends to inform our investment strategies. What's your take on these market dynamics? #MultifamilyRealEstate #RentTrends #MarketInsights

According to Yardi Matrix's #Multifamily Research Bulletin, multifamily asking rents are ticking up with Columbus, OH topping the charts across asset classes. Yardi states that rent growth continues to be highest in the Northeast and Midwest, led by New York City (5.5% year over year), New Jersey (4.4%), and Columbus (4.2%). This is positive news for the already-strong momentum we're seeing at our Clear Opportunities Fund I portfolio in #Columbus!

Our latest Quarterly Multifamily Market Report is out, and the numbers are promising! NYC's multifamily market shows strong signs of recovery, with an uptick in transactions highlighting resilience and growth potential. In our Q2 report, you'll find: 🔹 Current trends and transactions 🔹 Key multifamily sales 🔹 Expert analysis and forecasts Stay ahead of the market! Click the link in the comments or email me at Lev@alpharealtyny.com for the report in PDF. #multifamilyinvestments #NYCRealEstate #commercialrealestate

Does data drive your real estate decisions? It can, but you need to understand the why of what is happening. For instance, this Costar graph clearly shows that we are at or near the very bottom in multifamily pricing, and pricing will start to climb by mid-2025. Why is that? In this case, it makes sense, as after a run-up in supply, new developments and renovations have stopped due to interest rates and inflationary pressures. This will result in demand not being met, which will, therefore, put upward pressure on rents, resulting in higher NOI and higher valuations. Or so we think and hope. I see the logic in the above and think this is how it will play out. However, The world's best and brightest did not predict the spike in interest rates with the forward rate curve, and look what happened to us. Additionally, CoStar predicted several markets with low deliveries at this moment, when in reality, those markets have been flooded with new supply. So if you can't trust the experts, who can you trust?! Does date still drive your real estate decisions?