MULTIFAMILY
In the following cities, millennials have been filling out more than a third of all apartment rental applications. Millennials are the largest living generation in size and are increasingly taking up a greater share of the U.S. workforce. For this reason, commercial real estate professionals are keeping close tabs on where millennials prefer to live, especially as a large portion of them continues to rent rather than own their homes. Last year, 18.4 million of the estimated 45.9 million households that rent apartments identified as millennials, according to the Pew Research Center. |
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MULTIFAMILY
A report from RentCafé looks at which types of properties developers have most often repurposed as apartments. Around 2,000 old buildings in the U.S. have been converted into apartments over the past 70 years, with 778 of those conversions taking place in the last decade, according to a new report from RENTCafé. That figure represents an all-time high for multifamily conversions.
FINANCE & INVESTMENT | INVESTMENT
Figuring out how to value properties amid unprecedented circumstances has been a challenge that's vexed commercial real estate pros throughout 2020. New data, new technology and new property types are all changing the game for the experts who estimate the value of real estate properties.
RETAIL
The massive economic hit from COVID-19 has forced scores of U.S. companies into bankruptcy. Here are some with the most significant potential repercussions for commercial real estate. |
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