Archive for July, 2012

Senior housing situation strengthens in 2012 despite smaller transactions

The senior housing market has improved.

Multiple reports from the National Investment Center for the Seniors Housing and Care Industry showed that commercial property managers who have specialized business in the senior market may have witnessed an improvement in sales, despite transactions totaling far less than in 2011.

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Residential vacancies continue downward slope in Q2

Homeownership has declined, while more people are renting.

The U.S. Census Bureau recently reported that the residential vacancy and homeownership rates have declined around the country during the second quarter, which may mean that more potential renters are looking toward property management companies to find a place to live.

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Apartment market continues improvements

Apartment sales volumes have improved.

A report from the National Multi Housing Council showed that property management companies experienced improvements in many aspects of the apartment market during the second quarter.

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Office rents decline in Las Vegas

Office rents in Las Vegas dropped during the second quarter.

Office property management companies in Las Vegas witnessed vacancy rates drop to a seven-year low in the second quarter, according to the Las Vegas Sun.

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Denver rents skyrocket, highest in more than a decade

Denver rents increased markedly during the year ending in June.

Residential lease rates in the Denver area improved significantly during the year ending in June, which brought overall prices to the highest rate in 11 years, according to a joint report from the Apartment Association of Metro Denver and the Colorado Division of Housing.

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D.C. apartment property sales taper-off

Commercial property sales in Washington, D.C., recently experienced slowed growth.

Commercial property managers in the Washington D.C. area experienced a slowdown of apartment building sales during the first part of 2012, according to Delta Associates.

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Commercial real estate fares well, multifamily leads pack

Multifamily properties are at the forefront of commercial recovery.

A commercial real estate industry member recently announced that the market has many reasons to be positive, which could make commercial property managers feel more optimistic about the situation.

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Young people look for ratings before renting

Young renters prefer looking at apartment ratings before signing a lease.

A report from J Turner Research showed that social media may not be a good way for property management companies to attract younger renters and turn them into immediate tenants, as many in this group prefer to view apartment rating websites to help them decide.

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Rents rise in Chicago during Q2

Chicago rental prices rose during the second quarter.

A report from RentJuice explained that rental prices in the Chicago metropolitan statistical area increased sharply during the second quarter.

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LEED-certified space total exceeds 2 billion square feet

Many commercial real estate companies have shown interest in developing new or altering current properties to make them more energy-efficient, which could earn them the LEED label and lower their energy costs.

The total square footage of properties with this certification now exceeds 2 billion square feet, according to the U.S. Green Building Council.

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