It's a renters market right now and we're all along for the ride!
Nationally, we're seeing inventory rise, occupancy fall, and rents stabilizing for class A-C to stay competitive.
Everyone in multifamily real estate has the choice to be proactive or reactive in their response to these market changes...
😰"Reactive" looks like listing a property thinly across multiple ILS's and hoping something sticks.
(Don't get me wrong, this worked from 2020-2022 when demand was limitless. But 2022 is long gone in the rearview mirror and 2024-? is painting a more hands on picture for those who want to achieve their growth goals.)
🧐"Proactive" looks like working with your strategy team to review metro specific market data to clearly understand how you & your competitors are performing so you can accurately market your communities to be more attractive to high intent renters.
All this to say, our partnership with Moody's CRE is something myself and my colleagues couldn't be more excited for.
Zillow has always been a leader in utilizing technology to guide our partners in achieving their goals, and this partnership will provided a quicker, more accurate path to success for everyone!
Zillow Rentals #realestate #investing #multifamily #cre
Moody's CRE is thrilled to announce a new collaboration with Zillow!
Starting this summer, Moody's CRE will enhance its offerings by integrating data from Zillow's multifamily rental property database. In return, Zillow's multifamily rentals partners will gain access to Moody's analyses of U.S. submarket conditions and local CRE trends, including rent, vacancy, and inventory data for each property based on their location. This collaboration will provide valuable insights to empower our clients and partners in making informed decisions for their multifamily listings and properties. Stay tuned for more updates on this innovative alliance.
Read more details: https://lnkd.in/eVb4_nse
