Life is good for apartment investors: Rents are high, vacancies are low and the outlook for the future looks very, very strong, according to second quarter reports from real estate research firms.
Average apartment rents are growing very quickly. Asking rents grew 0.8 percent in the second quarter and 3.2 percent over the last 12 months, according to New York-based data firm Reis Inc.
Effective rents are also very strong. Rents are growing faster than both the
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.