Strong job and population growth across the San Antonio metro will accelerate demand for apartments, tightening vacancy and pushing rents higher in the coming months.
Investors have been targeting properties built in the 1980s for value-add potential, and will begin targeting a broader range of investments as revenue stream increases throughout all asset classes.
In 2013, developers will deliver 4,000 apartments to the market, which reflects a 33 percent increase from last year. The Far North Central and Far Northwest submarket will account for the most new units this year. Last year, builders added nearly 3,000 apartments to inventory.
Read more...San Antonio apartment 2Q 2013: Marcus & Millichap via Real Estate Center at Texas A&M
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