How have on-time rent collections been doing in this era of spiking rents? Across the 100 largest markets in the US, in multifamily buildings the median asking rent for one-bedroom apartments jumped by 12% year-over-year. The median asking rent for two-bedroom rents jumped by 14%. In 34 cities, asking rents spiked by 15% to 28% year-over-year.
Newsfeed: On-Time Rent Payments Sag amid Massive Spike in Rents Read More »
Consumer prices surged more than expected over the past 12 months, indicating a worsening outlook for inflation and cementing the likelihood of substantial interest rate hikes this year. The consumer price index for January, which measures the costs of dozens of everyday consumer goods, rose 7.5% compared with a year ago, the Labor Department reported Thursday.
Foreign investors are joining U.S. ones, focusing more on commercial property like warehouses and rental apartments. In fact, foreign investment in U.S. commercial real estate has topped pre-pandemic levels.
Newsfeed: Foreigners Pile Into US Commercial Property Read More »