2012 Multifamily Outlook

Submitted by J. Debes  Industry experts expect another strong year for multifamily in 2012, thanks to the same fundamentals that made 2011 a great year: ·         -creation of new rental households that accompanies job market revival ·         -continuing preference of rental housing over homeownership, thanks to weak for-sale housing sector ·          -supply constraints: last year 38,000 new apartment units came online, the lowest annual figure for new completions in 31 years (according to REIS, Inc) In 2011 the national vacancy average shrunk by 1.4%, ending the year at 5.2%.  The…

Educational Institutions Outsourcing Facilities Management

Submitted by S. Laraby A new trend has emerged among universities, high schools, and even grade schools: administrators outsourcing facilities management/maintenance.  Many schools turned to outsourcing during the recession to minimize overhead and remain flexible in the changing market.  Outsourcing these services reduces costs but many have found that the real value in outsourcing lies outside of the cost savings. Given the spectrum of daily, weekly and monthly service and maintenance tasks, outsourcing can provide a facility with a pool of human resources, each of whom is an expert in…