Clarendon has been selected by the Housing Authority of the City of Los Angeles (HACLA) to provide Reviews of HUD Section 8 Rent Comparability Studies (RCS) for a ten-county area of Southern California.
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Los Angeles continues to rank among the world's top cities, but its multifamily investment landscape is evolving dramatically. Downtown LA shows remarkable resilience with 55,000 residential units and 27,000 more in the pipeline, while the broader LA market has seen its share of U.S. apartment investment decline from 5.4% to 3.7%. This divergence reflects the impact of regulatory challenges that have prompted major institutional investors to reconsider their positions. For strategic investors, DTLA's diverse neighborhoods and innovative adaptive reuse programs—which account for 24% of existing inventory—continue to offer compelling opportunities.
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Investing in community amenities isn’t just about enhancing resident experience—it’s a proven strategy for driving rental premiums and increasing long-term property value. According to Greystar’s 2024 survey, features like clubhouses, co-working spaces, and pet-friendly areas can command rent increases while also reducing turnover and marketing costs.
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Community amenities are no longer just an added bonus—they’re a key driver of resident satisfaction and property value. According to Greystar’s 2024 survey, thoughtfully designed social spaces not only enhance tenant experience but also lead to higher lease renewal rates, reduced vacancies, and rental premiums.
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Discover how strategic investments in wellness amenities can transform your rental properties. From comprehensive fitness facilities to biophilic design elements, these enhancements drive measurable returns with rental premiums, reduced turnover rates and faster lease-up periods. With the U.S. leading the wellness real estate movement at $181 billion, properties without these features risk competitive disadvantage. Ready to unlock your property's potential? Contact us for expert rent studies today!
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Health and wellness amenities are no longer luxury add-ons but essential features driving multifamily property value. According to the Global Wellness Institute, the wellness real estate market has skyrocketed from $225 billion in 2019 to $438 billion in 2023, with projections showing it will reach $913 billion by 2028.
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Discover how strategic investments in technology and modern amenities can transform your rental properties. From smart building infrastructure to energy management systems, these enhancements drive tenant satisfaction, operational efficiency, and property value. Ready to unlock your property's potential? Contact us for expert rent studies today!
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Greystar's 2024 Design Survey highlights a transformative shift in multifamily housing, where smart technology amenities have evolved from luxury features to essential drivers of property value. Modern renters are showing strong preference for properties equipped with controlled access systems, smart locks, and integrated property management technologies. For property owners and investors, strategic implementation of these smart features delivers multiple benefits: commanding higher rental premiums, reducing operational costs through improved energy efficiency, and minimizing maintenance expenses through preventative monitoring. As the smart home market continues its rapid growth, multifamily properties that embrace comprehensive technology integration are positioning themselves as market leaders, achieving stronger occupancy rates and improved operational efficiency in an increasingly competitive landscape.
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Detroit's Midtown district is experiencing unprecedented growth, transforming from its historic Cass Corridor roots into a thriving urban center. This 3.3-square-mile neighborhood showcases robust development activity, highlighted by the $377 million Mid project near Whole Foods and successful mixed-income developments like Brush Watson. Anchored by Wayne State University and the Henry Ford Health System, Midtown combines cultural amenities, including the Detroit Institute of Arts and Detroit Symphony Orchestra, with modern transit infrastructure through the M-1 Light Rail project. The district's special zoning designation and strong foundation support are attracting developers, while maintaining a balance of market-rate and affordable housing options. As Detroit's premier development district, Midtown demonstrates how strategic urban planning and community investment can create sustainable neighborhood revitalization.
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Detroit's urban revival stands as a leading example of successful city transformation in 2025, marked by strategic development in multifamily housing, adaptive reuse projects, and innovative urban planning. This comprehensive analysis explores how the Motor City has become a blueprint for post-industrial urban renewal, with particular focus on its thriving Midtown district and mixed-use developments.
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Are you an investor or owner in the real estate market seeking to maximize your returns while ensuring your properties are competitive and appealing? In today's dynamic market, the value of your property's amenities is a key factor in attracting and retaining residents.
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The pandemic has accelerated this evolution, transforming SF rentals from a niche market to a full-blown sector, while reshaping MF amenity preferences. This transformation coincides with a significant shift in renter demographics, as more affluent households deliberately choose to rent rather than buy, driving demand for premium amenities across both property types.
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Navigating HUD guidelines can be complex, but our custom solutions for market alignment simplify the process. Our approach ensures compliance, efficiency, and flexibility, helping you align rents with the market. Discover the benefits and real-world success stories in our latest article and how our expert-driven service can enhance your property value and resident satisfaction.
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The multifamily apartment amenity landscape has transformed from basic necessities like indoor plumbing to sophisticated features such as fitness centers, pet-friendly spaces, and smart home technologies, significantly influencing property values and resident satisfaction.
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Cleveland’s Opportunity Corridor is revitalizing the city’s east side, transforming underutilized areas into thriving communities. Completed in 2021, this $330 million project connects University Circle with I-490, enhancing connectivity and driving multifamily development in Fairfax, Kinsman, and Slavic Village. More than a roadway, the corridor integrates pedestrian and bike paths, fostering sustainable urban design. Key developments, including mixed-income housing and the Fairfax Market, are bridging economic divides and addressing food insecurity. With ongoing investments in site redevelopment and job training, Cleveland’s Opportunity Corridor is a national model for equitable growth and urban renewal.
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Cleveland has undergone a remarkable transformation over the past decade, earning a spot among the world's best cities. Ranked 70th globally by World's Best Cities, Cleveland outshines cities like Hong Kong and Rio de Janeiro.
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Cincinnati’s adaptive reuse sector is a small but impactful part of its multifamily market, representing about 10% of downtown units. While new developments dominate, adaptive reuse projects like The Provident and Textile Apartments highlight the potential for office-to-residential conversions to stabilize occupancy and drive rent growth.
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Cincinnati is at the forefront of office-to-residential conversions, blending history with modern living. Notable projects include The Provident, a former bank headquarters converted into 161 market-rate apartments. And 7W7, a Former Macy’s HQ, under redevelopment to deliver 341 units by 2025.
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Explore the transformation of Cincinnati’s downtown with our interactive map showcasing key office-to-residential conversions. Highlighting projects like The Provident, The Baldwin, and the planned 7W7, this map provides a comprehensive look at how Cincinnati is reshaping its urban fabric.
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Cincinnati’s office-to-residential conversion trend is revitalizing its downtown amidst changing market dynamics. Once dominated by office space, the city’s downtown is now a hub for innovative adaptive reuse projects, addressing housing shortages and reducing office vacancies.
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Adaptive reuse has emerged as a key strategy for revitalizing Pittsburgh’s multifamily market. By converting vacant office spaces into residential units, these projects reduce vacancies, stimulate economic growth, and meet housing demands. While adaptive reuse struggled during the pandemic, recovery efforts through programs like the PDCP are reshaping the market. Discover how adaptive reuse projects are addressing challenges, fostering inclusivity, and driving Pittsburgh’s economic recovery.
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Pittsburgh’s downtown is undergoing a transformation through adaptive reuse projects, combining historic preservation with modern housing solutions. Key developments include the McNally and Bonn Buildings, now a residential and retail hub, and the Gulf Tower, which will offer upscale apartments and a hotel. These conversions breathe new life into the city’s iconic buildings while addressing housing shortages and fostering economic growth. Learn how Pittsburgh is building a sustainable future by embracing its past.
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Dive into Pittsburgh’s adaptive reuse journey with our interactive map, showcasing completed and planned office-to-residential conversions across downtown. From the Penn Rose Building to upcoming projects like the Gulf Tower, these transformations highlight Pittsburgh’s innovative approach to revitalizing its urban core. Our map also includes adaptive reuse projects in Cleveland, Boston, New York, Detroit, Philadelphia, and Washington D.C., offering a comprehensive look at this nationwide trend. Discover how these projects are reshaping cities and creating vibrant, mixed-use communities.
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Pittsburgh is redefining its downtown with adaptive reuse projects that transform underutilized office spaces into vibrant residential communities. The Pittsburgh Downtown Conversion Program (PDCP) supports these efforts with incentives for developers, prioritizing affordability and sustainability. Explore how Pittsburgh is leading urban revitalization while addressing post-pandemic housing needs.
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