Top 5 Reccomended SELL and BUY Markets for the U.S. Multi-family Apartment Market
According to a report from Freddie Mac in 2015 the U.S. market delivered 306,000 new multifamily units to the market. That is the highest number since 1989, obviously keeping pace with the high demand in the sector.
Analysts reviewed data from the Multifamily Market Outlook, Emerging Trends in Real Estate 2016, and Freddie Mac's Multifamily Outlook 2016 to identify the top markets to sell and purchase mulitifamily projects after reviewing key indicators: rates of employment, vacancies, rental growth, and other market indicators.
Per the 2016 Investor Report the Top 5 Markets Reccomended to SELL:
- Boston
- Miami
- Philadelphia
- Northern New Jersey
- Pittsburg
Per the 2016 Investor Report the Top 5 Markets Reccomended to BUY:
- Sacramento
- Phoenix
- Fort Lauderdale
- Raleigh - Duram
- Orlando
Check back soon for my follow up blogs in regards to the Houston, Texas Apartment market reports and data.
Mike Wong is a commercial real estate specialist in the Fort Bend County and Greater Houston market. He has worked with everyone from Multi-family REIT's, National and Local Developers, Investors, Economic Development Counsels, Local Cities, and consultants on various types of multi family projects from affordable housing, luxury developments, and senior housing. Under his guidance and brokerage multiple clients have acquired sites and successful projects.
Contact Mike Wong directly at (713) 935-5800 for all of your multi family, sales, acquisitions, development, representation needs. Mike serves all markets from Sugar Land, Katy, Westchase, Energy Corridor, Galleria, Citi Centre, Memorial City, Woodlands, Pearland, Texas Medical Center, Downtown Houston, and more.
MIKE WONG 713.935.5800 KW COMMERCIAL
COMMERCIAL | RESIDENTIAL | LEASING | INVESTMENTS | DEVELOPMENT | INTERNATIONAL
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