The latest quarterly survey of apartment conditions by the National Multifamily Housing Council confirms what has been clear for months: the rental markets are posting strong growth.
Ninety-two percent of the over 100 CEOs and other senior executives of apartment-related firms surveyed by NMHC in July said apartments with low vacancy rates and high rent increases were prevalent compared to 67% in April.
The survey also found that capital market conditions were improving for the asset class as well. At 45%, nearly double the number of leaders in July said it was a better time to borrow considering interest rates and non-rate terms against the 23% who felt that way three months earlier.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
