Starting to See a 'Pop' in the U.S. Rental Market: Kimberly Byrum

The video discusses the current trends in the rental market, highlighting the impact of revenue management and proptech on rental rates, especially in high-growth suburbs. It compares rental growth in major cities like New York and San Francisco, noting the challenges in returning to pre-pandemic levels. The pandemic's impact on small units and construction slowdown is analyzed, along with supply constraints affecting both multifamily and single-family housing. Price inflation is noted to be unusually high in the high-end market. The video also explores the trend of mixed-use developments and the challenges developers face with zoning and retail integration.

What is one of the main factors driving the increase in rental rates in high-growth suburbs?

• Increased competition among landlords

• Implementation of revenue management principles

• Decrease in property taxes

• Higher demand for single-family homes

Which cities are mentioned as having strong rent growth post-pandemic?

• New York and San Francisco

• Dallas and Arizona

• Miami and Seattle

• Los Angeles and Chicago

What was a significant change in rental demand during the pandemic?

• Increased demand for small units

• Increased demand for studio apartments

• Decreased demand for two-bedroom apartments

• Small units fell out of favor

What is unusual about the current price inflation in the housing market?

• It is happening on the high end

• It is affecting only rural areas

• It is more pronounced in affordable housing

• It is occurring in the middle market

What is a common preference of multifamily developers regarding mixed-use developments?

• They prefer to include retail for higher returns

• They are required to include retail by municipalities

• They focus solely on residential units

• They avoid mixed-use due to high costs