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Grace Hill CEO Kendall Pretzer addresses some of the pressing hurdles facing the multifamily industry in technological integration. She also emphasizes the importance of benchmarking tools to foster community and drive property performance, and how her company is setting the stage for growth to help multifamily face industry…
The top storylines in multifamily this week are the benefits of proactive maintenance, 2025 spring leasing preview, how to address the top renter pet peeves, monetizing dormant amenities, how self-service is transforming leasing, why companies need to benchmark, Mill Creek named Development Firm of the Year and lenders…
Benchmarking plays a critical role in organizational success, allowing companies to compare business processes and performance metrics to industry bests or best practices from competitors and other businesses. This enables organizations to identify areas for improvement, set realistic goals and implement strategies
The top storylines in multifamily this week are the nuances of renewals, women in multifamily finance, training technology, the morphing prospect experience, benchmarking, maintenance training, affordable housing, the effect of apartment construction on rent growth and rent control.
Data is a key component in the success of commercial real estate but data alone isn't enough. You need benchmarks to contextualize that data. Industry benchmarks provide a framework for evaluating performance against competitors, highlighting strengths and weaknesses and identifying trends.