High investor demand for multi-family real estate will likely continue for three to five years, only after interest rates gradually increase and the construction of new apartments slows down, according to Sue Blumberg, senior vice president and managing director of the Chicago office of NorthMarq Capital.
She told Midwest Real Estate News that investors consider multi-family the most desirable of commercial sectors.
“For investors looking for financing, it is an absolute feeding frenzy,” she told the ... read more
Effective rent growth in the U.S. apartment market increased again in July, and occupancy rates remained steady, according to data from research firm Axiometrics Inc.
In fact, annualized effective rent growth was 3.8 percent in July, marking a trend this year.
“Effective rent growth has increased for five straight months, but is still a long way from the summer of 2011, when the rate was in the 5 percent range,” Stephanie McCleskey, Axiometrics vice president of research, said in a statement. “O... read more
1) We know the market. We know how commercial leases should be priced in each sub market, and we can get you a fair price. We are also accustomed to negotiating, and can even score you a bargain. We also know the ins and outs of leases- there is much more to consider than monthly rent, including the amenities and allotted build-out budge. “It's not just about the lease rate, it's about the whole package,” said Ken Wedberg, a commercial agent at Realty Exchange.2) We get to know you. We sit down and do a... read more
There's never been a better time than now to invest in multifamily real estate.
Interest rates are low, but more importantly, tenant demand for apartments in the St. Louis metro area keeps growing. Rents and occupancy rates are also on the rise, and they are expected to continue to increase, according to the 2104 Outlook from Freddie Mac Multifamily Research.
According to Freddie Mac researchers, vacancy rates are still below their historic averages, and most markets should be able to absorb any new supply.
In t... read more
Multifamily Demographics: Five Free Mapping Resources
by John Wilhoit Jr. on July 30, 2013
It’s no small task to add a demographic component to your knowledge base about a particular property or portfolio. Getting “granular” by creating layered demographic maps can be very expensive. The more detail requested the more expensive the mapping outputs.
Broad mapping outputs are generally free. County and city maps, for example, provided by the U.S. Census Burea... read more