Ten-X: Top Five Markets for Great Apartment Investments

genericapartment3

Sacramento, Las Vegas, Dallas, Atlanta and Phoenix are the top five markets in the United States that will be great places for multifamily investments, according to research from Ten-X. The Irvine, CA-headquartered real estate marketplace company indicated that the reason for these metros’ top listing is because of strong local economies consisting of new jobs, and “residents still eager to forgo home ownership for the opportunity to rent in a large metropolis.”

Meanwhile, San Francisco, New York City, San Jose, Miami, FL and Milwaukee are areas in which investors might want to sell their multifamily assets. As new supply keeps flooding into these metros, flattening rents and increasing vacancies are the norm, Ten-X said.

Overall, Ten-X indicated that with 250,000 units expected to come online in 2017, vacancies nationwide could end up as high as 5.6%. A modeled cyclical downturn beginning in 2019 could push vacancies to above 6%.

Read the original article here.

Advertisements
This entry was posted in Investing, Property Management, real estate and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s