Both traffic and leases are showing signs of improvement with the Fourth of July on the horizon. The industry continues to see positive developments when it comes to leading indicators in the apartment industry, according to new data from Radix.
The economic downturn placed a glaring spotlight on the affordable housing crisis we face in this country. Despite national conversations, multifamily has always left the need for affordable housing unmet. But now the demand is peaking to new heights.
In the apartment industry, Zoom specifically and video-call technology, in general, have been lifesavers. Through these tools, operators have been able to keep leasing to new residents while also hosting online events that enrich the lives of their current residents.
More good news for the apartment industry, according to data from Radix. The data reaffirmed the positive trends we saw during the preceding week, and it is becoming clearer that all the leading indicators are on the mend and are erasing year-over-year deficits.
PetScreening, a first-of-its-kind screening platform that empowers property managers to outsource their pet risk assessment and assistance animal validation processes at no charge, today announced it has partnered with Avenue5 Residential to offer its platform.
Mill Creek Residential, a leading multifamily investor and operator specializing in apartment communities across the U.S., completed the groundbreaking of Modera Marshfield, a garden-style community. First move-ins are anticipated for late 2020.
Mill Creek Residential, a Florida-based developer, has broken ground on Modera Creative Village, a 292-unit luxury multifamily property in the Orlando. Amenities include a fitness center with a yoga area and classes, a pool and an outdoor courtyard lounge.
When you challenge the status quo, that’s when genuine progress can be made. The industry has discovered this on many fronts, and that includes the ways apartment communities manage their pet processes. Recently, Camden made the bold move to eliminate weight restrictions for pets at their communities.
Known for innovative school designs such as the award-winning Bronx Charter School for the Arts as well as for district-wide analysis and planning, the architecture firm developed a number of design and planning strategies for school reopenings to meet the needs of all students.
Pandemic-related closures began during the crux of the conventional leasing season, which has caused traditional apartment operators to modify on the fly. While traffic patterns have also shifted within the student space, the data provides hope and shows student leasing has so far avoided disarray.