Block Multifamily Group 2014 Overview

The executive team at Block Multifamily Group (BMG) has over 35 years of experience in the operation of multifamily assets and provides the “ground-level look” at all facets of multifamily.

Property Management Tip #8 - Pushing Revenue

Make pricing trends work for you! 
A well-managed property
should set prices more strategically than competitors. 

BRES Breaks Through The Barriers: Block Multifamily Group

As Real Estate begins to emerge out of a tumultuous economic downturn, individuals seeking housing are less willing to buy and commit themselves to purchasing a house. Also, baby boomers are retiring out of the workforce, seeking condos and senior apartment living. While office, industrial and retail sometimes struggle with a weaker demand, a strong fundamental recovery in rental housing demand has propelled apartments to a broad recovery in occupancy, rental rates and investor pricing.

According to the Block Real Estate 2012 Market Report, “With more than 3 million foreclosures since 2009, profound shifts in demographic, economic and social patterns have changed the way many Americans, particularly those of the millennial generation, feel about home ownership. This, combined with the entry of the first wave of ‘echo boomers’ graduating from college, has resulted in the addition of an estimated 1.4 million renter households.” (Read more from the 2012 Multi-Family blog post).

The 2012 Multifamily Market

Commercial real estate remains in vogue with investors despite marginal gains in the overall economic outlook and concerns stemming from the European debt crisis.  For these investors, the multi-family market emerged as the clear favorite among the traditional four commercial property types in 2011, a trend that is expected to continue well into 2012.  While office, industrial and retail grapple with weak demand, a strong fundamental recovery in rental housing demand has propelled apartments to a broad recovery in occupancy, rental rates and investor pricing. 

With more than 3 million foreclosures since 2009, profound shifts in demographic, economic and social patterns have changed the way many Americans, particularly those of the millennial generation, feel about home ownership. This, combined with the entry of the first wave of “echo boomers” graduating from college, has resulted in the addition of an estimated 1.4 million renter households.