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Bay Area Apartment Market Healthy, Strong

SAN FRANISICO-Barring a recession the Bay Area apartment market should continue performing well, according to the director of the Casden Real Estate Economics Forecast.

By Brian K. Miller | Updated on May 31, 2007

(Read more on the multifamily market.)

SAN FRANCISCO-The apartment market in the Bay Area should continue to thrive amid a slowdown in the for-sale housing market, according to Delores Conway, director of the Casden Real Estate Economics Forecast within the Lusk Center for Real Estate at the University of Southern California. Conway made her prediction Wednesday as part of a presentation at the Pacific Coast Builders Conference taking place this week at the Moscone Center.

“The apartment market is very strong, occupancy is up and rents are increasing,” Conway tells GlobeSt.com. “As long as there is no recession and no major shock, I think it’s going to continue to be strong because job growth is steady.”

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