In an update to our earlier update on top markets, Axiometrics has put out a report on the top 5 apartment building investment markets for rent growth by asset class.
San Francisco is rocking in class A and B, and in class C it’s….. San Francisco! Interestingly A and C properties there are showing rent growth of almost twenty percent while class B is just under ten percent. Any thoughts on why A and C are double the class B rent growth in SF? Note that 9.3% in class B still leads the US- Continue reading Top 5 Apartmentment Building Investment Markets for Rent Growth, by Asset Class.
This was an eyeopener for us in the apartment building investing business: Large US cities with falling rents. The table is from TransUnion, I wonder what their sampling methodology is- And I wonder how that breaks out by asset class.
Yes of course there are cities with rising rents but Denver rents down almost 9% in a year? In 2011? Even Chicago down almost 5%? And DC the apartment hotbed has falling rents? Supposedly their data comes from managers supplying info for tenant screening and if that’s the case it seems like there are some serious concessions being given.
Don’t blame Continue reading Stealth concessions in large US cities = falling apartment building rents? See the list via MFE Magazine
Apartment building investment buoyed by job growth in Denver
Video via Property Management Insider: http://youtu.be/uFjpYSbVdRg
Apartment fundamentals are strong essentially across the board in Denver, which ranked among the nation’s best with year-over-year rent growth of 6.5%