Thane Solberg’s Post

Multiple family tertiary markets mirror larger neighbors 🔍Interesting trends observed in Janesville/Beloit MSA, mirroring the low vacancy rates of its larger neighbors, Madison and Milwaukee. While both of these cities ranked among the top 5 for lowest vacancies in the US, Janesville/Beloit sees near-zero vacancies for high-end (Class A) and mid-tier (Class B) apartments. 🚧However, as Gard Pecor mentioned back in a June article, construction levels are dropping due to elevated costs and financing challenges. Tax incentives in smaller communities do help, but project delays are becoming a concern. 🔄Re-sharing this insightful article. It's a must-read for anyone interested in real estate trends in the Midwest! #RealEstateTrends #MidwestHousing #ConstructionChallenges #VacancyRates #EconomicInsights #multiple family#CRE Janesville#CRE Beloit

Opportunities

Let’s look at the hiring landscape in the homebuilding industry in the US! 🏡 While hiring in the US has softened during the past couple of months, the homebuilding industry continues to accelerate with strong momentum. The average number of jobs reached 3k in October and peaked at 3.3k in November. This is well above the 12-month average of 2.4k jobs and the six month average of 2.7k jobs. Check out the chart below for additional insights 👇

Revamping properties can improve the residences’ value and the ability to charge more for rent.

Revamping properties can improve the residences’ value and the ability to charge more for rent.

Revamping properties can improve the residences’ value and the ability to charge more for rent.

Take a look at this new listing in NEWMARKET! Click below for more information and tag anyone who might be interested! Helping you achieve your Real Estate Goals.

Maintenance recruiting. Two words that I'm sure haunt many of my connections in multifamily. It's harder than ever to find the right people for the job, but they're certainly out there. If you're a multifamily professional looking for maintenance talent, message me for some strategies to make your life easier 📩 If you're looking for your next maintenance opportunity in multifamily, comment below ⬇ #hiring #multifamily #recruiting

Multifamily vacancies remain critically low in both Milwaukee and Madison (and for different reasons). However, current construction and financing costs are inhibiting needed inventory expansion in both markets. For further insight, click the link below! And as always, drop a line if you'd like to discuss this or any other #CRE or #urbanism trends going on around town! #milwaukee #multifamily #realestate #construction #apartments

What should you look for when hiring a contractor? .⁣ .⁣ .⁣ .⁣ .⁣ #newbuildhome #housebuilding #ourbuildingjourney #buildingahouse #newconstruction #newbuild #luxuryhouses #customhomedesign #housebuild #newhouse #housedesign #customhome #homeownersbeaware