U.S. multi-housing rents are expected to grow approximately 2.5 percent each year for the next three years, even as the level of new construction increases, according to a report from CBRE.
The report shows that the pace of new multi-family construction in the U.S. will level off at approximately 216,000 units per year over the next five years, a figure slightly higher than historical averages.
Read more...Rent Growth Expected in U.S. Multi-Housing - WORLD PROPERTY CHANNEL Global News Center
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