NAI Wisinski Great Lakes

Yardi Matrix's National Student Housing Report ranked Central Michigan University (Mt. Pleasant), Grand Valley State University (Grand Rapids), and Western Michigan University (Kalamazoo) among the top 20 universities with the most year-over-year growth in percentage preleased. The University of Michigan (Ann Arbor) and Michigan State University (East Lansing) made the top student housing market fundamentals list, preleasing at 89% or higher by June 2024. #studenthousing #michigan #apartments #leasing #multifamily

Last month, our team attended #DeveloperDay in Grand Rapids. Hosted by The Right Place, Inc., this annual event draws real estate developers, construction professionals, city officials, and other industry leaders to present opportunities around Grand Rapids. The event highlighted the major developments propelling the city forward and emphasized the opportunities for much-needed housing. Read about what we learned and the exciting projects taking shape in Grand Rapids: https://lnkd.in/eSVSfBg9 #development #grandrapids #michigan #multifamily

Our team of multifamily advisors specializes in investment sales, acquisitions, and land development throughout Michigan. With a shared goal to get our clients the most money in the least amount of time, we use our backgrounds in investment brokerage, development, finance, property management, and market analysis to find lucrative opportunities and maximize returns for our clients. Discuss these opportunities and more by connecting with one of our multifamily advisors today at https://lnkd.in/ePccMAPK #multifamily #apartments #cre #broker #investment #michigan

Our success is measured by the satisfaction of our clients, and we deeply appreciate it when they share their experiences with us! With a global network of resources and industry-leading professionals, our team’s knowledge of Michigan markets and appraisal of investment property enables large institutions, fund advisors, and private developers the resources to make the most money possible for their assets. Learn more about our services and contact one of our multifamily experts today: https://lnkd.in/eTqnXttc #testimonial #multifamily #apartments #michigan #broker #cre

We wish you and your family a happy Independence Day! Our office is closed in observance of the holiday – see you Monday! #4thofJuly #CRE #Multifamily

In 2023, a record number of hotels were converted into much-needed housing units. This trend is likely to continue, as converting hotels is faster and cheaper than building new apartments, especially in crowded cities. Developers are also looking to reuse office space for apartments. According to RentCafe.com, Lansing, MI is one of the top ten metros for most office-to-apartment conversions (171 units) and Detroit is ranked in the top ten cities for most future conversions (2,377 units). To learn more: https://lnkd.in/eBFv-mir #CRE #CRENews #MultiFamily #Apartment #Michigan

Grand Rapids is the fourth most competitive rental market nationwide, and the second most competitive in the Midwest. Using a rental competitivity index measuring the number of days apartments stayed vacant, the percentage of rentals that were occupied, the number of prospective renters competing for each vacant apartment, the percentage of renters who renewed their leases, and the share of apartments completed this year, RENTCafé determined that finding an apartment in Grand Rapids is more challenging than ever. With the rise of remote work, renters have opted to live in Midwestern cities for affordability and larger living spaces. However, limited inventory and a surge in demand have made it difficult for tenants to find an apartment. Read the full report, here: https://lnkd.in/eCiSD25u #GrandRapids #apartment #rental #multifamily #cre

Exciting news for Grand Rapids, MI! We’re thrilled to share that #GrandRapids has been recognized as one of America’s "Best Towns to Visit in 2024" by CNN Travel! This accolade is a testament to the city’s vibrant arts scene, family-friendly recreation, and beer culture. Not to mention all of the exciting developments on the horizon - the Acrisure Amphitheater, soccer stadium, Grand Rapids Public Museum renovation, and riverfront redevelopment - all of which further enrich the character and creativity of Grand Rapids. As multifamily investment experts, we know that Grand Rapids isn't just a place people want to visit, it's where they want to live. In fact, between 2018-2023, the region experienced a 2.8% growth rate (CoStar Group) and continues to attract people from all over the country. Read the full article here: https://lnkd.in/gMhMuzgh #multifamily #growth #development #investmentsales #michigan

A recent survey conducted by Apartments.com revealed the amenities renters prioritize when searching for their next rental. For most surveyed, in-unit laundry and air conditioning were named as two of the most important amenities. Read more about the results, here: https://lnkd.in/ejnteK5q #renter #apartments #research #propertymanagement #multifamily

After a recent study, RentCafe.com found apartment sizes have increased with a national average gain of 27 square feet from the previous year, and an average unit size of 916 square feet. In Grand Rapids, units have expanded by 80 square feet over the last decade, now averaging 901 square feet. Part of the increase is due to a larger number of two- and three-bedroom units entering the market, though one-bedroom apartments remain the dominating floorplan for new developments. Read more, here: https://lnkd.in/gx7XKqyG #apartments #multifamily #housing #rentgrowth #cre