Posts by: Joel Nelson

Stalled Rents

But Sound Fundamentals

“Key fundamentals remain strong” in the U.S. multifamily amid a flattening of average asking rents in September, according to a new national multifamily report from Yardi® Matrix. The $1,718 rate, unchanged from August, reflects the impact of the economic slowdown and Fed interest rate hikes. Year-over-year rent growth slid more than a full percentage point […]

News

Preserving History

During Construction

During construction of an office building, apartment building, highway, water project, cell phone tower or other development, builders have to think about more than materials, project milestones and building codes. What if there’s a historic or prehistoric structure or site within the project’s footprint? The U.S. encompasses thousands of years of American and Native American […]

News

Debugging

Pest Control = Property Value

Glitzy architecture wins awards, high-profile tenants burnish reputations and energy conservation measures earn kudos for commercial properties. But there’s another aspect of the business that’s not quite so charismatic but every bit as important to maintaining asset value and reputation – pest control. Such creatures as mice, rats, flies, ants, cockroaches, termites, spiders and pigeons […]

News

Water Works

Underwater Construction

We’ve discussed the challenges, benefits and methods of building higher in these pages. This time we’ll look at building lower – specifically, underwater. Although it’s largely hidden, underwater construction is prevalent and necessary to many aspects of commerce and recreation. A study in 2020 found that infrastructure such as marine tunnels, bridges, oil and gas […]

Matrix

RV/Boat Storage

A Growth Market

Consumer purchases of recreational vehicles and boats are spurring strong demand for storage facilities, creating investment opportunities within this niche asset class, according to a new research bulletin from Yardi Matrix. The bulletin outlines factors driving demand for RV and boat storage. Most notable among them are a record number of acquisitions. In 2021, 571,000 […]

Giving

Canadian Conservation

Yardi Supports Boreal Wildlands Project

Yardi is making a significant donation to help the Nature Conservancy of Canada (NCC) protect and care for the largest private conservation project in the country’s history – the Boreal Wildlands project in northern Ontario. The Yardi donation will help NCC permanently protect an area twice the size of the city of Toronto. NCC, which […]

News

Having a Blast

Destruction in Construction

Before a majestic skyscraper, sleek office building or sturdy apartment complex takes its place on a city’s skyline, a structure currently occupying the space might have to be cleared out. In many cases that requires an explosive sequence that looks like an exercise in disarray but actually is a carefully calculated, prepared and controlled event. […]

News

Tiny Offices

Getting Bigger

You’ve probably heard about tiny homes, which usually range from 100 to 400 square feet and provide affordable alternatives to traditional houses, opportunities for a simplified lifestyle and a potentially smaller carbon footprint. It’s a small but steadily growing part of the residential real estate market. And now, with some companies letting their employees work […]

Events

YASC Returns Live!

Aug. 31-Sept. 2 in San Diego

Yardi is excited to welcome clients back in-person to the Yardi Advanced Solutions Conference (YASC) beginning Aug. 31, marking a return to real time after successful interactive virtual events over the last two years. The event is sold out with more than 3,000 clients expected to attend. Social media hashtag for the event will be […]

News

Take It from the Top

Rooftop Amenities Add Value

Common onsite amenities available to occupiers of commercial and residential properties are widely known: gyms, laundry service, parking spaces, pet services and clubrooms, among others. But there’s a special location that can provide a key differentiator in the competition to attract and retain occupants: the roof. “Today, particularly at higher-end properties, unique rooftop amenities have […]

News

Shopping Malls Adapt

Experiences, Tech Open a New Era

Shopping malls, which McKinsey has defined as “the heart and soul of communities, the foundation of retail economies and a social sanctuary for teenagers everywhere,” have been under severe pressure from the proliferation of e-commerce and other forces. Although shutdowns and consumer reluctance to shop in person reduced average mall foot traffic by 90% at […]

News

Inventive Incentives

Help Fill Multifamily Properties

Even with multifamily rents continuing to rise nationwide, property owners still need to work to get people into their units. At the height of the pandemic, some renters in metros like Los Angeles, Boston and San Francisco relocated to lower-cost communities, prompting landlords to adopt creative measures to attract and keep renters. “Incentives are not […]

News

Chips Are Down

Shortage Hampers Manufacturing

Some materials, like air and water, are easily seen and felt and keenly noticed in their absence. Other substances are just as ubiquitous but more hidden and easily taken for granted – until they’re scarce. Take computer chips, for example, the processing and memory units that are the engines for everything from personal computers, smartphones […]

Technology

Heavy Metals

Crucial Tech Elements

The 17 rare earth element (REE) metals comprise the building blocks of much of the technology we depend on daily. These elements, which aren’t actually rare but are sparsely concentrated in minerals, include the exotically named dysprosium, neodymium, lanthanum, praseodymium and terbium. Encompassing properties that make devices lighter, faster and smarter, REEs “let smartphones glow […]

News

House Rules

Managing Resource Shortages

“So many new developments are under construction, they are likely to compete with each other – and not just for residents. Developers are also competing to find construction workers to build their projects.” National Real Estate Investor reported that in March 2017. The housing industry finds itself in much the same straits today. Even though […]

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