MORE RENTERS & HIGHER DEMAND
Soaring rents make it a very great time to own an apartment building! National asking rents continue to rise as more young workers return to the cities. Demand for multifamily housing is expected to remain robust, as reported by Freddie Mac. Rising rents are causing big multifamily players to pay more while raising their bids to acquire multifamily investment properties.
Apartment buildings are generally viewed as safe assets that offer a hedge against inflation. With soaring home prices fueled by a shortage of inventory, would-be buyers seek to find affordable properties that help drive up rents for multifamily units. Millennials are helping to push up rents as they find the single family housing market to be lacking in suiting their needs.
As construction costs continue to grow for single family and multifamily construction, higher home prices and fewer new multifamily units being constructed are contributing to the higher demand for quality, affordable rental units. Along with heavy migration patterns to the Houston, Texas area, the multifamily market is continuing to boom and is expected to do so for the foreseeable future.
Investing and purchasing your multi-family fourplexes and eightplexes with S.H.A.R.E. COMMUNITY DEVELOPMENT CORP gives you the edge over competition because of our cost controlling concrete construction, which provides numerous benefits over traditionally constructed multifamily units, especially the amount of time needed for complete construction and move-in of rental tenants.
