It’s no secret that the nation’s apartment sector has been on fire in recent years. With new multifamily construction largely stalled and homeownership on the decline, occupancy and rental rates at apartment communities surged, and investors entered the market in droves.
Now, with construction levels beginning to rise and the single-family housing sector showing signs of recovery, people have been wondering if multifamily’s moment in the sun has passed. In short, my answer is, “No.”
The sector should continue to experience strong consumer and investor demand for at least several years. The kinds of properties investors are chasing, however, are changing.
Read more...Investors Will Remain Interested in Multifamily Through 2015 (And Likely Beyond) | Viewpoints content from National Real Estate Investor
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