Tag: Apartment Market
Apartment Market: 3 Reasons to be Bullish
“We believe the apartment market is set to explode, with steadily rising rents and occupancy that will justify new construction,” said Economist John Burns, Real Estate Consultant. Why is John Burns bullish on the apartment market? 1. Pent-Up Demand: We recently calculated 3.4 million units of pent-up household demand, which is the aftermath of the recent…
Landlord: Apartment Market Vacancy is Under 5%
You won’t see much of this sign in 2012. The apartment market is officially a “landlord’s market” with the national vacancy rate expected to fall to 4.6% this year, according to REIS, a commercial landlord research company (analyses’ 40 units or higher projects). This translates to rents will continue to rise in 2012 and beyond.…