Apartment Buildings Best Investment For 2012 & 2013 Winston Rowe & Associates
Winston Rowe & Associates a national commercial real estate advisory firm is finding that apartment fundamentals are performing at robust levels 248-246-2243
Winston Rowe & Associates a national commercial real estate advisory firm is finding that apartment fundamentals are performing at robust levels, with vacancies catering to levels unseen in more than a decade. This is due to the major shift from Americans view of home ownership and becoming a much more mobile society.
Prospective clients can contact Winston Rowe & Associates at 248-246-2243 or visit them on line at http://www.winstonrowe.com
Improving Apartment Market:
First quarter figures for 2012 are no less impressive than the arc of recovery that apartment properties have followed over the last two years. National vacancies dropped to 4.9 percent, the lowest level since late 2001. This is only the third time in more than 30 years that national apartment vacancies have dipped below 5 percent.
More than 36,000 units leased up from January to March. Effective rent growth tends to spike as landlords perceive that tight market conditions allow for greater pricing power, and it is typically at levels below 5 percent that a pullback in concessions accelerates. With effective rents grew by 0.9 percent in the first quarter, the fastest pace of increase since end-2007.
With few other sectors in real estate performing as well as multifamily, developers are rushing to bring hundreds of thousands of new units to market over the next few years. Figures from the 2010 U.S. Census suggest that any increase in housing starts is primarily driven by multifamily construction, which grew by an annual rate of 21 percent last February, even as construction of single-family homes fell by 9.9 percent.
There are also tens of thousands of apartment units planned for Dallas and Houston in 2012 and 2013, but the implied changes in inventory for these two areas are well within long-term historical ranges. Measures of supply growth risk for Seattle, Austin, suburban Maryland and Washington, D.C. rank high whether expressed in terms of absolute supply growth or increases relative to long-term averages.
Winston Rowe & Associates has a core focus on building long-term relationships, delivering exceptional and individualized customer service, and positioning financial products that best achieve their client’s goals.
Winston Rowe & Associates has an excellent free knowledge based resource for commercial real estate, valuation and market analysis located at:
Winston Rowe & Associates
31408 Harper Ave
Saint Clair Shores MI 48082
Winston Rowe & Associates has no upfront free commercial real estate financing solutions and in the following states.
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming
Page Updated Last on: May 28, 2012