That happy feet sound you hear is coming from apartment building investors as they see their results from the second quarter:
- Rents Up
- Vacancy Down
- New Supply Being Absorbed as soon and it’s built
Here’s the video report from MPF Research:
And it’s not just the usual Continue reading Apartment Building Investment Rocks Q2 across the US (video)
Friday twofer on Seattle. First is Dupre+Scott’s entertaining and enlightening video on apartment building construction and property sales:
Mike has two nice charts showing apartment development numbers back to 1988 and sales volume back to 1981. Note that on the sales volume chart 2013 numbers are Continue reading The ‘Twin Peaks’ of Seattle Apartment Building Investment Plus MPF Research says rent growth holding strong there.
…. “Only six markets advanced their position on the [Dividend Capital Apartment Market] cycle chart.” Once again with the notable exception of Seattle who has left in the basement of the cycle despite overwhelming evidence that it has moved well up in the cycle by his own definition. See my post from last quarter detailing the definitions and why Seattle’s apartment building investment cycle location according to Dr. Mueller is incorrect here. For other cities have a look and let me know if your markets are accurately placed:
Is it a Seattle thing? Is he the Brent Musburger of commercial real estate? Continue reading Latest Commercial RE and Apartment Building Investment Cycle Charts Posted by Glenn Mueller PhD.