Now Is The Perfect Time! Contact Us Today!
With the summer upon us, we have seen more rental activity and increasing rents, quicker turnovers and more qualified rental prospects. Look for this trend to continue throughout the summer and slow down due to seasonal adjustments in November. Existing multi-family sales have also picked up with the trend toward smaller in-city buildings (5-20 units) and larger 100+, well located institutional buildings selling. The demand for the 20 to 100 unit building is there but we have not seen a lot of Seller’s in this size range. Multi-family land is in strong demand and many well located in-city sites that were “Shovel Ready” have gone into contract and/or closed and the institutional developers are now making offers on sites without plans and permits. The demand for rental units is increasing and the published trends show continued demand for more apartments through 2013. Interest rates are still at all-time lows and the lenders are starting to climb out of their shells and are making good loans on good properties in good locations.
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Paragon. Beyond the Deal.