While campaigning for office, President Joe Biden proposed numerous tax law changes that, if enacted, would have significant impacts on the multifamily industry. The biggest potential change is the end of 1031 exchanges,...
With retail and hospitality industries in a perpetual state of uncertainty for the foreseeable future, real estate investors have been drawn to multifamily properties. “Interest in multifamily is at a fever pitch right now,” CBRE Vice President Joe Ayers told the Jacksonville Daily Record...
It doesn’t take a crystal ball to see that the utility rate increases we’ve all experienced over the last few years are likely to continue in 2021 and beyond. At the same time, the trend of adding cumbersome new restrictions on rental properties is growing nationwide.
In these uncertain times, no one can really know what lies ahead. But as we wrap up this unprecedented year, we can take a hard look at the current rental trends and make some predictions about how the market may shape up in 2021.
As a technology company that serves the multifamily market, we often run across other unique and innovative firms that also use smart systems to make running an apartment building or community easier. In this month’s “Livable Now”, we’d like to highlight a few of these cutting-edge businesses.
Here We Go Again
It may be 2020 but it’s starting to feel like 2018 all over again. A big election is looming and tenant advocates are once again bringing a rent control measure to the California ballot.
As we reported last month, rents are flattening or decreasing in many locations across the state. In San Francisco, where Livable is based, one- and two-bedroom average rents were down a shocking 11 percent in August compared to one year ago, according to data from listing site Zumper. With over 7 million in California filing jobless claims since businesses began closing in March, many are moving in with loved ones to save money or leaving the state altogether. This trend could lead to an even bigger drop in demand in the months ahead.