TAMPA BAY | MULTIFAMILY OUTLOOK OVERVIEW The Tampa Bay Metropolitan area has solid market fundamentals with a thriving and stable economy. The area has been experiencing significant population growth. In addition, local employers are adding tens of thousands of jobs yearly, leading to a decline in the unemployment rate. The employment growth is leading to… Read more »
Month: August 2016
San Antonio, Texas Multifamily Outlook | Rising Demand | Increasing Rents | Declining Vacancy
SAN ANTONIO | MULTIFAMILY OUTLOOK OVERVIEW San Antonio entered 2016 as one of the United States’ most stable economies. The city’s diverse economy and growing employment base is continuing to attract young professionals that prefer renting to buying. Tenant demand has been rising for Class B and Class C multifamily rental properties in San Antonio… Read more »
Jacksonville, Florida Multifamily Outlook | Rising Rents | Declining Vacancy | Strong Job Growth Drives Housing Demand
JACKSONVILLE | MULTIFAMILY OUTLOOK OVERVIEW A growing local economy will make the Jacksonville apartment market tighten with rents expected to rise and new housing demand being generated. Vacancies are expected to decrease as newly constructed units are slow to enter the local market. 70s and 80s vintage product will remain popular for renters due to… Read more »