What a $1,000 Rent Looks Like in Raleigh, NC
Named one of the fastest growing cities in the U.S., Raleigh has seen tremendous growth in recent years with lofty apartment buildings, sleek hotels, and bustling office parks adding to its charm. Many of the country’s top employers have set up shop at the nearby Research Triangle Park, including IBM, Cisco Systems, GlaxoSmithKline, Fidelity Investments,…
Read MoreJob Creation Propels Pacific Northwest to Rank Highest in Rent Growth in July 2015
Fueled by a higher demand for rental properties plus strong job growth in key markets, U.S. rental prices continue an upward climb. The average apartment rent rose another $5 from the previous month to hit a new record high of $1,155 in July, according to the latest Yardi Matrix Monthly apartment market survey. The average…
Read MoreAustin’s Skyline is Booming: 10 Before-and-After Images Display the City’s Vertical Upgrade
The Live Music Capital of the World, Austin is America’s fastest growing city and the #1 growing economy. Its downtown population has skyrocketed over the past decade more than doubling since 2000. This eco-conscious, trailblazer of a city, situated on the shores of serene Lady Bird Lake, is the South’s healthiest and boasts the nation’s…
Read MoreHigh Demand Pushes Rental Market to New Heights, Affordability Deteriorates
The country’s rental market is booming, with an increase in rental households, rising rents, and low vacancy levels recorded in most metros across the U.S. Average rent hit a record high of $1,150 in June 2015, up 2.9% over the past three months. The average year-over-year rent growth now stands at 6.3%, Yardi Matrix data…
Read MoreRent Growth Breaks Records for June 2015 Led by West Coast and Sunbelt Markets
Fueled by high-demand from Millennials as well as prosperous job growth and favorable demographics, rent growth hit an all-time high during the month of June, according to the Matrix Monthly survey, Yardi’s new report focusing on apartment market trends. Across the nation, the data points to record-breaking rental prices, averaging $1,150 for June 2015. This is…
Read MoreReal Estate Billions: Where the Money Goes
The real estate industry is a huge business which involves big spending and generates billions of dollars in revenue. But how much is a lot these days, and how do the sums encountered in real estate compare to those in other business sectors? RentCafe has looked into the billions game and compiled an infographic showing…
Read MoreMegastructures Reshaping Boston Neighborhoods: 10 Before-and-After Images Reveal the City’s Impressive Growth
With businesses and population numbers on the rise, Boston’s skyline is bound to grow as well. A plethora of new super-large structures have popped up on the horizon, from luxury high-rises in Downtown Crossing to architecturally striking office towers in Back Bay and green mixed-use buildings in South Boston. Dramatic, Decade-Long Transformation Visualized With the…
Read MoreMiami’s Skyline Grows Bolder: 10 Striking Before-and-After Images Show the City’s High-Rise Construction Boom
With more than 300 high-rises, the city of Miami is not new to megastructures. Ever since the Freedom Tower topped out in 1925, Miami’s commercial real estate market has become the playground of the boldest architects who have turned Miami’s skyline into one of the most recognizable urban landscapes in the world. The developers’ race…
Read MoreApartment Rents Hit Record High in May, with West and South Metros in the Forefront
The U.S. rental market is on fire, with low vacancies, solid absorption, and increased construction activity recorded in most metros around the country. Some may even call it a landlord’s market, as tight availability and rent growth have become recurring themes of the leasing sector. Average rents rose to a record high of $1,136 in…
Read MoreHomeownership Dream Still Alive for Renters, but Majority Prefer to Rent
The recent upswing in the rental market has resulted in higher rents and a competitive environment for the country’s renters. The average rent has increased 4.3% Y-O-Y, hitting $1,105 in April, and all signs point to further growth. Even with mortgages becoming more affordable and the rental market getting tighter, most renters still prefer to stay put.…
Read MoreRents Surge 4.3% in April Led by West, Southeast Metros
Average rents rose nationally a healthy 4.3 % year-over-year, according to the latest Yardi Matrix Monthly report on apartment market trends. Rents averaged $1,105 in April, but remain slightly below the all-time high of $1,108 recorded in February 2015. Top-performing markets: biggest gainers A combination of economic and demographic factors, including consistent job growth, strong…
Read MoreHigh-density apartment living taken to new heights in nature-inspired habitats
Lush gardens, natural ventilation, sky bridges, open-space lounging areas, grand vistas, and the world’s longest swimming pool…no, we’re not talking about some luxury boutique hotel in the Caribbean. This is the future of high-density apartment living, as seen through the eyes of Israeli-Canadian architect Moshe Safdie. Apartment Buildings Reinvented As an advocate of nature-inspired architecture…
Read MoreChanging Skylines: 10 Time-Lapse Images Show Houston’s Dramatic Transformation
The Bayou City ranks high on the “most wanted” list for both residents and businesses looking for a place to call home. Houston came in 11th on the fastest – growing U.S. metro areas list, and stands out as one of only two places in the country to have added more than 100,000 residents over…
Read MoreTrends in Apartment Renting
The American dream is getting an apartment-centric makeover. RentCafe experts analyzed a mountain of data pertaining to apartment renting, and it confirmed a trend already evident around the nation. Americans are starting new households, downsizing from large homes, and increasingly interested in living a simpler, apartment focused life. But they don’t necessarily want it to…
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