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RENTCafe

Bring on the new apartment units: The pace of adaptive reuse projects only continues to rise

What to do with outdated office, hotel and other commercial spaces? Many owners are turning these hard-to-lease spaces into apartments. And according to RentCafe's first…
Dan Rafter May 8, 2024
MichiganMidwestMinnesotaTexasWisconsinMultifamily

Gen Zers? They spend more than $140,000 on rent by the time they hit their 30s

By the time they hit age 30, the average member of Generation Z will have spent $145,000 on apartment rent.
Dan Rafter March 28, 2024
MidwestMinnesotaMultifamily

RentCafe report: Minneapolis remains the most coveted city among apartment hunters

RentCafe's latest rental activity report brings good news for Minneapolis multifamily owners and developers: The Minneapolis market remains the leader of all U.S. cities among…
Dan Rafter March 18, 2024
IllinoisMichiganMinnesotaOhioTexasMultifamily

Cubicles? They’re out. Bedrooms? They’re in Planned office-to-apartment conversions hit record level

It's no secret that the office sector continues to struggle, with Class-B and -C buildings especially battling soaring vacancy rates. Many of these buildings, though,…
Dan Rafter January 23, 2024
MichiganMidwestMultifamily

Solo renters on the rise, in Michigan and across the country

Solo renters are providing a boost to the multifamily market across the Midwest, according to the latest research from RentCafe.
Dan Rafter October 6, 2023
IllinoisMidwestWisconsinMultifamily

Four words that sum up the apartment search in Chicago? A real “suite” challenge

Apartment seekers in Chicago are in for quite the challenge. But what if we told you snagging a suburban rental is even harder?
Mia Goulart September 20, 2023
MidwestMinnesotaTexasMultifamily

1.2 million new apartment units: That’s the number of new rentals that opened in the United States during the last three years

Construction crews brought 1.2 million new apartment units to the market during the last three years, a record for any three-year period. And 2023? That…
Dan Rafter September 7, 2023
IllinoisTexasMultifamily

Office pain, multifamily gain: One million units built in three years, another million before 2025

Since 2020, 1.2 million apartments were delivered, with over 460,000 more to be opened by the end of December. The largest construction boom since the…
Mia Goulart September 6, 2023
IllinoisMultifamilyOffice

From old to gold: Chicago to lead U.S. adaptive reuse resurgence

Following the effects of the pandemic, adaptive reuse projects emerged as the solution to meet the increased demand for housing and revitalize struggling metros.
Mia Goulart July 19, 2023
IllinoisIndustrial

Aurora self-storage market soon to change; projected to add 243,000 square feet in 2023

With one of the most undersupplied markets at only 2.4 square feet of self-storage space per person at the moment, Aurora, Illinois, is soon to…
Mia Goulart May 23, 2023
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