Mike Ayala’s Post

The Multifamily NW Fall Apartment Report Luncheon gave us a valuable glimpse into where the Portland apartment market is headed. As we head into the end of 2024, the trends are becoming more apparent. At Princeton Property Management, we use these insights to help property owners plan for what’s next. Here are some key takeaways shaping our strategies: Market Recovery on the Horizon: Property values are showing signs of gradual stabilization. Research indicates they’ll bottom out in early 2025 and could reach 2022 levels again by 2027 With recent Federal Reserve rate cuts, investor sentiment has improved, suggesting the market may pick up momentum next year as market activity grows. Vacancy Trends: Vacancy rates have declined to 4.5% overall, with further declines projected in the years ahead. Stabilized properties are performing even better, showing resilience amid a shifting market. Rent Growth Returns: After a slight dip in 2023, rents are up 1.5% in 2024, with growth expected between 2.5% and 6.0% over the next five years. As property owners prepare for 2025, staying ahead of these trends is critical. At Princeton Property Management, we’re helping our clients plan proactively with expert guidance grounded in the latest market insights. Looking for a partner who’s always a step ahead? Let's connect! #PrincetonPropertyManagement #PropertyManagement #PortlandRealEstate #MarketTrends

The Dallas' multifamily market is on the brink of a turnaround! While recent challenges included high vacancy rates and a slowdown in investment, key factors are now aligning for a strong rebound. Texas' booming business scene has attracted hundreds of companies in the past decade. This, coupled with an influx of new residents post-COVID, has fueled a surge in housing demand, especially in the Dallas-Fort Worth metroplex. Read more about why Dallas is a prime market for multifamily success below ⬇️   https://lnkd.in/evwfHZpR

Despite all the changes affecting the multifamily sector since 2020, historical real estate fundamentals have been a reliable predictor of rent growth. In Seattle, the same neighborhoods that underperformed on rent growth in the 2010s have continued to do so in the current decade. #CBRE  https://bit.ly/3WmK3rn

Despite all the changes affecting the multifamily sector since 2020, historical real estate fundamentals have been a reliable predictor of rent growth. In Seattle, the same neighborhoods that underperformed on rent growth in the 2010s have continued to do so in the current decade. #CBRE

📢 In case my multifamily peers are still wondering whether they should invest in Kansas City... Here is RealPage senior director of research Carl Whitaker's opinion on Kansas City's multifamily market performance: "The market might not have the same level of robust demand, but most Midwest markets don’t show significant weaknesses either. One thing to watch over the next few months is how new supply is absorbed. While there's not a major supply concern overall, specific areas could see occupancy impacts if operators are focused on filling units." Looking ahead to rent trends in 2024, Whitaker predicts a continuation of the current pattern for Kansas City—expecting 2% to 3% annual rent growth, positioning the market in the top quartile for this year. He also highlights that 58.5% of leases have been renewed, contributing to a stable local performance due to reduced turnover. 🏢📊 #KansasCity #RealEstateMarket #RentGrowth #MidwestMarkets #OccupancyTrends

Valued Insights Los Angeles Multifamily Market Report Update 2024 Q2 The multifamily market in Los Angeles, California, is booming with robust job growth and strong housing demand. Join Jason Beakley, Director at Four Corners Valuations, to explore the latest insights and trends in our report for the second quarter of 2024. Stay informed on the dynamic changes in Los Angeles' housing market. Read the full report: https://lnkd.in/eq6Nvj7T #RealEstate #Phoenix #MultifamilyMarket #HousingTrends #FourCornersValuations

𝐒𝐞𝐚𝐭𝐭𝐥𝐞 𝐌𝐮𝐥𝐭𝐢𝐟𝐚𝐦𝐢𝐥𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞: 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐭 𝐢𝐧 𝟐𝟎𝟐𝟒 Seattle’s multifamily market showed resilience in 2024, despite financial challenges. Here are key takeaways for apartment investors: 📊 𝐑𝐞𝐧𝐭𝐬 𝐀𝐛𝐨𝐯𝐞 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐯𝐞𝐫𝐚𝐠𝐞: Average asking rents in Seattle remained at $2,216, still above the national average of $1,750. 🏢 𝐇𝐞𝐚𝐥𝐭𝐡𝐲 𝐎𝐜𝐜𝐮𝐩𝐚𝐧𝐜𝐲: Stabilized property occupancy rose to 95.5%, a 0.2% year-over-year increase in September. 📈 𝐄𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡: Seattle saw 1.1% job growth, with significant gains in education, health services, and government sectors. 🏗️ 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 & 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭: Developers delivered 8,758 units in 2024, with 22,846 units under construction. Investment activity surpassed last year’s total, reaching $1.3 billion. Seattle’s multifamily fundamentals remain strong, presenting opportunities for investors in a competitive landscape. Check out this Multi-Housing News article for more insights: https://lnkd.in/gZjjD5N3 #apartmentmarkettrends #multifamilyinvesting #realestateinvesting #rentgrowth 

Positive rent growth in Orlando is expected in Q4 2024, a first in eight quarters. Multifamily owners can look forward to gains in 2025. Follow for more insights. #OrlandoRealEstate #MultifamilyHousing #RealEstateMarket #RentGrowth #RealEstateTrends

MULTIFAMILY MINUTE | UNDERLYING STABILITY Palms | Mar Vista | Culver City Apartment Market Q1 2024 vs Q1 2023 The Palms | Mar Vista | Culver City apartment market has experienced a notable shift in the first quarter of 2024 compared to the same period in the previous year. Data from Q1 2024 highlights a significant downturn in market valuations, with the median price per square foot (PSF) dropping by 31% and the median price per unit declining by 33%. This reduction in pricing is accompanied by a subtle increase in the median capitalization rate, which rose by 24 basis points. Despite these downward trends, the rental market shows signs of underlying stability. Effective rent per unit has maintained its ground, remaining consistent year-over-year, even as the overall vacancy rate crept up by 52 basis points. Moreover, transaction volume markedly decreased, with a 63% drop to a total of just six transactions in the period. This cooling in the market is reflective of broader economic trends and investor sentiment. However, there are emerging signs of recovery and adaptation. Investors have begun adjusting to the higher interest rates, and there is a growing sense of economic stability. Looking ahead, we anticipate a rebound in transaction volume spurred by expectations that the Federal Reserve will reduce interest rates starting in the third quarter of 2024. Are you considering a strategic exit from the market? Let the True North CRE Team be your trusted partner in this journey. Our full-service approach is tailored to empower you with clarity and confidence in every decision you make. Reach out to us for a complimentary valuation to get started. We look forward to hearing from you! Presented by: True North CRE John Swartz, Los Angeles Apartment Investment Advisor Jacqueline Carroll, Multifamily Specialist #market #losangeles #culvercity #apartments

Positive rent growth in Orlando is expected in Q4 2024, a first in eight quarters. Multifamily owners can look forward to gains in 2025. Follow for more insights. #OrlandoRealEstate #MultifamilyHousing #RealEstateMarket #RentGrowth #RealEstateTrends