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- 🌟 Boutique Luxury Sees Surge in Multifamily Demand
🌟 Boutique Luxury Sees Surge in Multifamily Demand
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📈 Data Point
Boutique Luxury Sees Surge in Multifamily Demand
BlackBook Properties, a boutique real estate brokerage in the U.S., reports a rise in interest for luxury multifamily units in high-demand neighborhoods. The firm notes that today’s affluent renters prefer turnkey living with top-tier finishes, services, and amenities—especially in markets like Miami, LA, and New York. This shift is drawing investors to high-end multifamily assets over single-family properties. Read more.
🧭 Market Watch
Massachusetts Policy Shift May Fuel Suburban Multifamily Demand
Massachusetts is preparing to shift broker fee responsibility from renters to landlords, mirroring a policy adopted in New York City. If approved, this change may impact pricing structures in Boston and its surrounding suburbs. Developers are watching closely, as landlord-paid fees could raise operational costs and drive investor interest toward more cost-efficient suburban developments.
🧾 Rule of the Day
Physical Occupancy vs. Economic Occupancy
Physical Occupancy is the percentage of units that are occupied, while Economic Occupancy reflects the percentage of potential rental income actually collected. A property can have high physical occupancy but low economic occupancy if tenants are not paying rent or receiving concessions.
Formula: Economic Occupancy = Actual Collected Rent ÷ Gross Potential Rent
This metric helps investors assess a property’s true income performance.
🌱 Green Build
La Porte Considers Multifamily Zoning to Support Smarter Growth
The La Porte City Planning Commission is evaluating a rezoning request that would allow multifamily development along McClung Road. This potential zoning change could introduce sustainable design principles into future site plans, including energy-efficient units and compact layouts to reduce land use. It reflects a growing trend in smaller towns preparing for population growth with responsible land use and housing diversity. Know more.
🏘 Deal Radar
Milwaukee, WI Consisting of a mix of studios, one, and two-bedroom units, this property is conveniently located close to the Milwaukee Mitchell International Airport and other economic hubs. | Brooklyn, NY Built in 1900, this charming Brownstone building is a ten-unit property located in a desirable neighborhood. It includes five 1BR and five 2BR units. | Monroe, WA This is a fully-renovated multifamily property consisting of large two and three-bedroom units. Located directly across a park, this property is a good investment opportunity. |
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