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Class A Rentals Hot in Palm Beach County

WEST PALM BEACH, FL-Tal Frydman, vice president of Investments at Marcus & Millichap, tells GlobeSt.com low prices on multifamily properties will spur greater activity in 2011.

By Jennifer LeClaire | Updated on December 19, 2010

WEST PALM BEACH, FL-Pent-up demand for rental housing and job growth are fueling a recovery, albeit modest, in Palm Beach County’s apartment market. That’s according to Marcus & Millichap’s Fourth Quarter 2010 ApartmentResearch Market Update.

M&M reports a significant resurgence in demand for class A rentals through the first three quarters of 2010. Demand for class B and class C rentals was virtually flat in the period, however renewed hiring in trade sectors is a good start toward getting the lower-tier renter pool active again.

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