Q2 2013 Apartment Trends from Reis Reports Reis VP of Economics & Research, Dr. Victor Calanog, provides an update on the apartment sector performance for the 2nd quarter of 2013. 13 quarter streak of declining vacancies came to an end in Q2 2013 27,000 units came online in the second quarter Asking rent grew by […]
Apartment Trends Q2 2013
Q2 2013 Apartment Trends from Reis Reports
Reis VP of Economics & Research, Dr. Victor Calanog, provides an update on the apartment sector performance for the 2nd quarter of 2013.
- 13 quarter streak of declining vacancies came to an end in Q2 2013
- 27,000 units came online in the second quarter
- Asking rent grew by 0.6% while effective rent grew by 0.7%
- East coast and California vacancy rates are tight
At Grace Hill, we respect the work done by the talented, dedicated, and infinitely patient maintenance professionals who keep our industry’s apartment communities running every day. Maintenance is demanding work; it requires excellent problem solving techniques, superior customer service skills, and often back-breaking labor. We aim to support our industry’s maintenance associates with training and […]
Help Happy Residents Refer Others to Your Community Resident Retention is an effort made by an apartment community or company that not only is aimed at reducing resident turnover but when done effectively brings your community full circle to generating low to no cost qualified traffic to your leasing center. Keep in mind that in […]
Apartment Management: To Stay Professionally Competitive, Invest in Cutting Edge Skills By Marty Martin, Psy.D. Today apartment management is changing at an incredibly fast pace. To stay competitive, to safeguard your career, and to ensure you can always find new work in the future, you need to be continually updating your knowledge and skills. Of […]
Apartment Management: Three Reasons Your Emergency Plan Will Fail By Lucien Canton When the Exxon Valdez ran aground in Prince William Sound in 1989 it was one of those extremely rare occurrences where the conditions of the crisis almost exactly matched the planning assumptions in the company’s emergency plan. The weather conditions, the size of […]
Multifamily Housing Classifications There are several types of multifamily housing. Most apartment properties are put into one of four property classifications. Each “classification” of properties has a letter grade. These grades are used to help investors, property management professionals and real estate brokers speak a common language so they can understand a property’s characteristics […]
By understanding the thought processes of today’s renters, you have the tools to cultivate a tactical apartment marketing plan to increase occupancy and resident retention. This guide will provide you with insight on how renters are searching for apartments, their interaction preferences, and what they would like to receive from their communities moving forward. FRMS […]
Telephone Follow Ups Hello, I am laughing because today we are going to start with telephone follow ups. There are times that I become so frustrated when I want to call someone and can’t find the telephone number on their website. Seems like the telephone is headed towards extinction! When it comes to providing a […]
Monitoring Resident Conversations Like the apartment industry mantra about location, now it’s all about “data, data, data.” If you’re not tracking who’s having conversations about your apartment communities and whether those conversations are resulting in new leases, then you’re missing some of that data. Just think for a minute about the value you’d get from […]
Boring Apartment Marketing Videos I was surfing around the Internet looking at apartment websites (which I often do before going into a market) and this super boring apartment marketing video started playing that was supposed to entice me to the pool, or calm myself in the fitness center and then offered me some information on […]