All articles tagged with #multifamily
San Francisco multifamily rents rose 8.6% through Q2 2026, the highest among major U.S. metros, driven by AI-driven hiring and a sharp drop in new housing supply. Eviction notices have increased 44%, prompting Mayor Daniel Lurie to declare a rent emergency and propose tenant protections.
Manhattan led U.S. markets with the strongest rent growth in June, as asking rents rose 5.6% year over year to $5,651 while occupancy remained above 98% (98.2% at stabilized properties). The supply squeeze persists: only 0.2% of Manhattan’s multifamily units delivered in H1 2026, with 18,805 units under construction, and a large 44,000-unit pipeline in planning. Investment sales for H1 reached $582 million, though price per unit fell about 35% to roughly $270,864 as buyers tilt toward lower‑cost, rent-stabilized assets. If supply stays tight, rents may continue to climb into 2027, but a softer local labor market (unemployment around 5.3%) adds risk to demand.
Ten apartment complexes in Union County, New Jersey, totaling 540 units and including the Sunrise Village Apartments, were sold for $90 million in one of the largest multifamily transactions in the state in 2025, involving properties in Roselle, Roselle Park, Elizabeth, and Rahway, with the seller aiming to diversify geographically and improve their portfolio.
Boston-based Berkshire Residential Investments has put its 292-unit Eight O Five apartment tower in Chicago's River North neighbourhood up for sale, hiring CBRE to market the property. The 32-storey high-rise was bought for $112.5m in 2016, but the current state of the downtown multifamily investment market means it is unlikely to fetch anything close to that price. Despite occupancies and rents remaining high, rising interest rates, investor caution and a lack of enthusiasm for Chicago have depressed values of big downtown apartment buildings over the past year or so.
Residencias Villanueva is a social housing project in Quito, Ecuador, that includes 27 apartments and 17 houses, with a focus on high-quality construction and neighborhood connection. The project offers a wide variety of typologies, allowing for diverse occupancy, and seeks to include mutability, with houses that can be expanded in various stages. Residencias Villanueva was developed under the framework of the VIP program, meeting affordability requirements set by the Ecuadorian government for social housing projects. The project values communal spaces, sustainability, and expansion, with a central green space and rear patios that allow for the preservation of a green and permeable perimeter ring in the project.