It comes as no surprise that some in the commercial real estate industry are talking about the multifamily sector reaching a “bubble” in 2016. And even though the pundits have been making the exact same prediction for the past several years now, there's still a strong case to be made for asking, “How could things get any better than last year?”
Multifamily occupancy rates were at 94.6% through the first half of 2015, and renewal rates were trending 5.4% higher than 2014's levels. None of the major rental markets was experiencing significant overbuilding as rental demand and absorption continued to outpace supply.
Read more...Multifamily Dynamics Will Remain Strong Through 2016 | Multifamily Executive Magazine | Multifamily Trends, Occupancy and Vacancy Rate, Construction Finance, Class B Properties, Secondary Markets, Debt and Equity, Investing, Uber:
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