In preparation for the multifamily quarterly feature in Real Estate Forum magazine, we sat down with many multifamily experts from around the country. In the first part of this series, we talked about whether or not apartment vacancy will tick upward in 2016. In part two of the series, we reviewed whether or not the market could digest the new supply pipeline. In part three, we talk about rent growth, demand, and whether or not we can expect it to implode in the coming years. This particular question on multifamily, asked sources what trends they are forecasting for 2016 that should be on our radar. Read the below Q&A commentary to make sure they are on yours.
GlobeSt.com: Any multifamily trends you are forecasting for 2016 that should be on our radar? What should we be aware of? Looking forward to? Be fearful about?
Gary Goodman, SVP of Acquisitions at Passco Cos.: Multifamily developments will continue to offer a superior environment for Millennials and Baby Boomers. Years ago, due to the basic nature of apartment construction, renters sought the better living environment in a single family home. With high end apartment finishes and elaborate common area amenities, renting has become much more competitive to home ownership and it is likely that this will continue.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
