In its recently released Apartment Market Outlook, commercial real estate advisory firm Sperry Van Ness (SVN) says that while multifamily was the first sector to emerge from a “recessionary slump,” it “continues to offer widespread potential for further gains.” SVN’s offers a caveat though, which, not surprisingly, is about supply.
“Investors must be cognizant of rising inventory levels, however, and the potential for declining rents in submarkets where construction is getting too far ahead of demand,” it says in the report.
Read more...The Nation's 10 Hottest Apartment Markets, According to SVN - Multifamily Executive Magazine
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