Despite rumors to the contrary, millennial professionals are more concerned about getting a job and paying their bills on time than being within walking distance of a trendy mixed-use development. Young renters are gravitating toward locations with these strong economic fundamentals to serve as a post-graduation landing spot: Competitive starting salaries Affordable multifamily housing Proximity…
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In the period just prior to 2008, the commercial real estate sector was riding a wave of unbridled optimism. That positivity was fueled by unprecedented price growth and confidence that values were only headed in one direction: upward. Enter the Great Recession, following the collapse of Lehman Brothers in the fall of 2008. Suddenly the […]
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Despite rumors to the contrary, millennial professionals are more concerned about getting a job and paying their bills on time than being within walking distance of a trendy mixed-use development. Young renters are gravitating toward locations with these strong economic fundamentals to serve as a post-graduation landing spot: Competitive starting salaries Affordable multifamily housing Proximity […]
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Effective rent growth was moderate again in the national apartment market during the third quarter of 2017, with annual growth registering 2.9%. Average monthly rent is now $1,335. Effective rent growth has been holding between 2.5% and 3% this year. Among the larger metros, relatively high apartment occupancy underpinned healthy rent growth in the Sacramento […]
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