As demand shifts and economic pressures rise, how is Sacramento’s rental housing market responding? Will Austin, a seasoned expert in commercial real estate analytics at CoStar Group, will address these critical issues at the California Apartment Association’s upcoming Sacramento Rental Housing Round-Up.
The virtual event, scheduled for June 28, will offer participants an in-depth look at the latest trends and challenges in California’s capital region rental market. A highlight of the event is Austin’s presentation, where he will explore key questions about Sacramento’s rental market dynamics, which segments are thriving and which are struggling, and how the city might maintain its momentum in a slowing economy.
Austin, with a decade of commercial real estate experience, will provide a comparative analysis of pandemic peaks and the current market landscape in Sacramento. His session will focus on the city’s appeal to out-of-region residents, the impact of these shifting demands on the market, and the strategies properties are employing as the search for renters becomes increasingly challenging.
In addition to Austin, the Rental Housing Round-Up will feature a presentation from Embert P. Madison Jr., the state advocacy and compliance counsel at CAA. Madison will provide a detailed exploration of significant legislative initiatives, including:
SB 466: Aimed at expanding rent control across California, this bill was defeated, largely due to the efforts of CAA. The bill could have negatively impacted investment in new housing in the state, a critical concern given the current housing shortage.
SB 567: Seeks to modify the “just cause” eviction provisions of the California Tenant Protection Act of 2019, complicating property maintenance and the sale of rental properties.
AB 12: Intends to limit the maximum security deposit that landlords can charge to a single month’s rent for both furnished and unfurnished units, potentially exacerbating the financial risks for landlords and making it harder for tenants to find housing.
SB 611: Seeks to mandate upfront disclosure of all fees and charges in rental property advertisements. It aims to enhance transparency in the rental market, though concerns exist about its broad reach.
In addition to Madison’s presentation, attendees will hear from Sacramento District 1 City Councilwoman Lisa Kaplan, Lisa Kaplan, who will provide opening remarks on the state of housing in the city of Sacramento, as well as a panel of CAA industry experts, including Joshua Howard, executive vice president for local public affairs; Mallori Farrell, senior vice president for local public affairs; and Mallory Homewood, policy and compliance counsel for local government affairs.
This panel will tackle the top state and local industry issues, share insights on CAA’s ongoing legal efforts to protect rental property owners, and discuss efforts to safeguard rental housing in Sacramento and other parts of California.
The Sacramento Rental Housing Round-Up will begin at 2:30 p.m. on June 28. Online registration is required, and the event costs $15 for CAA members and $35 for nonmembers. Don’t miss out on this valuable opportunity to gain insights and strategies for the evolving rental housing market in Sacramento.
