Industry Voices

Zach-Schofel-Cosign

I grew up around real estate. That meant summers power washing roofs in brutal heat, ripping out old carpet, painting benches and learning early that nothing about buildings is abstract. Someone pays for every decision. Someone lives with every mistake. My father and uncle ran a real estate company started by their father. From a young age, the rules were simple: work hard, study hard, be grateful. If you do those things, the system will reward you. For a long time, I believed housing worked the same way. As a …

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Carl-Whitaker-Real-Page

The multifamily sector closed 2025 with clear signs of transition. National occupancy dipped to 94.6 percent, effective rents stalled or fell in several markets year over year, and absorption slowed alongside cooling job growth, according to RealPage. As of December 2025, national effective rents grew by 0.4 percent year over year. The supply story is shifting just as quickly. Developers delivered about 409,000 units last year — roughly 30 percent less than in 2024 — setting the stage for a very different leasing environment in 2026. To unpack what with …

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Alejandro-Ensinck

The recent arrest and extradition of Venezuelan leader Nicolás Maduro has once again put political instability in Latin America back in the headlines. For many people in the U.S., it’s just another international news story. For Latin American investors, it’s a reminder of something they’ve lived with for years: Political and economic conditions can change quickly, and when they do, the impact on currency, regulation and personal wealth can be immediate. That reality has long shaped how and where capital moves. When uncertainty rises, investors tend to look for places …

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Dan-McGue-Coldwell-Banker

After several years of uncertainty, the San Francisco metro area multifamily housing market is showing clear signs of recovery. The first half of 2025 brought the largest expansion in multifamily demand in years. The 12-month trailing absorption surged to 3,700 units as of the third quarter, one of the highest levels in a decade. Vacancy rates have dropped to 5.1 percent, the lowest since 2014, and apartment rents are up 5.6 percent, placing San Francisco among the top metros in the nation for rent growth. Although sale prices had remained …

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Brent-Maier

As 2025 ended, net absorption of multifamily units was on track for its third strongest year since 2000. More than 102,000 units were absorbed in the third quarter, marking the third straight quarter of more than 100,000 net units absorbed. Fourth quarter estimates are coming in around 55,000 units. Multifamily absorption measures the net change in occupied apartment units over a given period, indicating whether demand is keeping pace with new supply. As experts review the final numbers of how many apartment units were newly occupied or leased in 2025 …

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Brad-Bane-Ankrom-Moisan

Developers today are under mounting pressure to meet energy codes, achieve carbon reduction goals and deliver housing that is healthy, comfortable and affordable. Whether market-rate or affordable housing, the reality is that people want homes that are not only well-designed but also economical to operate. That’s why attention to energy efficiency and utility costs has become such a critical factor in leasing and retention. In some cases, this pressure has even pushed developers toward more ambitious approaches such as Passive House strategies or other high-performance design measures. At the same …

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Nancy-Keenan-DAHLIN

The conversation around housing affordability has never been more urgent or nuanced. The dominant development narrative often centers on rising costs and supply constraints. But zoom out, and the story becomes one of shifting household demographics, evolving expectations around wellness and a changing definition of what “home” really means. For multifamily developers, investors and architects, these trends demand fresh thinking and bold solutions that can answer the definition of home beyond the traditional meaning. The fourth and latest wave of the America at Home Study, conducted in spring 2025, is …

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Rob-Likes_KeyBank3

The nation’s housing crisis has reached a breaking point, pushing developers to rethink how and where new supply can be created. Among the most promising — and debated — solutions is the conversion of underutilized office buildings into much-needed affordable housing.  On the surface, the concept seems straightforward: repurpose empty office space into homes in locations where demand is highest. In practice, however, these projects are anything but simple. Converting office buildings into livable, modern and affordable multifamily residences requires far more than reimagining floor plans. Success depends on choosing …

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Blitz-McCaffrey

Real estate “platform investments” have long been considered to be the purview of sophisticated financial players in the real estate world. These investments are typically made by institutional investors, pension plans or other private equity players. In platform investing, institutional capital is typically backing an “operator” — a development or investment firm responsible for sourcing, developing or managing multifamily assets. Platform investments provide a minority-stake ownership of the entity that employs key people making strategic investment decisions as well as the entity’s intellectual property. They also allow the investor the …

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Mariam-Walker

The multifamily housing market is growing increasingly competitive. Newer and older properties must vie for renters, and key decisionmakers are looking toward meaningful ways of differentiating their communities. To meet this demand, multifamily properties are increasingly offering smart technology amenities to their residents including a wide variety of technologies such as in-unit smart device amenity packages, access control and smart safety and security solutions, and, increasingly, they are offering bulk internet and managed Wi-Fi. Yet our recent study, conducted jointly by myQ Community, EliseAI and RPM Living, surveyed 2,300 Class A …

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