Team Member Spotlight: Sabine

One of our interns, Sabine from Austria, shares her experience and take on what student housing could offer her and her fellow peers...

My name is Sabine and I am a student of a language school, located here in San Francisco. I’m staying here in San Francisco for 6 months and I’m living with a host family, a house with 10 other students. I really enjoy my time with my host family because of the people. However the lodging situation isn’t what I presumed it would be. 

At one point, some of my peers and I thought about renting and sharing an apartment. Unfortunately, we never ventured to this step, because we didn't have enough information about how it works. We didn't really know where we should search for an apartment, in which neighborhood we should rent, mostly we didn't know if we were even allowed to rent an apartment in the USA, because we were all students from abroad.

It would have been really helpful if our school could inform us about apartment rental, because I know that a lot of students aren’t satisfied with their current options.

More Student Housing Information 
www.l38group.com/studenthousing

No Raise Expected for Apartment Cap Rates

Most Think Multifamily Cap Rates Will Stay Put
The movers and shakers in multifamily feel very positive about the overall forecast for the industry. We are not so sure. We believe there is a subtle softening in the market as more product is being exclusively listed. Also with European banks under even more pressure to capitalize positions. 


We believe there will be a greater number of multifamily assets and debt coming on the market for 2012. The new year is shaping out to be quite the year for multifamily, stay tuned with Latitude 38 Group.

Click here to view the article 
Videos:


1. US Multifamily Cap Rates: Keep On Keeping On


2. US The Battle for Multifamily Space - Fall 2011


3. US The Rent versus Own Conundrum

Surban Office Market in Limbo

Office buildings in New York, Washington, and San Francisco have been showing an unexpected recovery. Unfortunately, the surburban market hasn't been so lucky. Vacancy rates have started to fall in cities while staying flat in the suburbs, in part due to declines in the surburban heavy seactors such as housing. The index tracking suburban office property values has stayed relatively flat after falling more than 42% from peaks.

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Rates Up in Silicon Valley

Rents in Silicon Valley rose by 12.6% in Q2 with the average of $1,759-a-month topping all markets in the country. According to RealFacts, some of the biggest rent hikes came in Sunnyvale, which was up 17.6% from last year. San Mateo and Mountain View were up 14.5% and 13.2%, respectively. The most expensive rents are in Cupertino and Palo Alto.

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Pittsburgh Proves Resilient

Considered at one time a dying steel town, Pittsburgh has turned into one of the mose resilient office rental markets in the U.S., prompting a flurry of building sales. CB Richard Ellis Inc, projects that office rents in Pittsburgh will rise an average of 7.5% this year, well above the 2% average for the top 52 office markets in the U.S. The vacany rate is also estimated to average about 10% compared with 16% nationally.

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Renter Nation provided by Barron's

The recession and shifting demographics will swell the ranks of people who will rent, not buy, housing over the next five years.

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Apartment Leases, Rents Pick Up - WSJ.com

May and June have shown clear signs of a turnaround in the cycle. We saw the slide continue through March however as we enter July the arrow has changed direction.



http://online.wsj.com/article/SB1000142405274870328000457530905391825977...

Rental Fundamentals Improve Overnight

Good news for rental rates and retention nationwide. Retention rates have hit record highs.
National fundamentals have made dramatic improvements in the first quarter of 2010.
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