With the glut confined to luxury apartments, however, the report documents overall «
robust apartment demand and occupancy» despite a slowdown in the pace of rent growth.
Not exact matches
Everett isn't expecting S2's growth trajectory to continue exactly as it has the past few years, but says he's cautiously optimistic that renter
demand for the company's
apartments will remain
robust for the foreseeable future.
«Sufficient rental
demand will enable property managers to lift rents in virtually every major and secondary metro nationwide, except for the most heated housing markets and in markets where
apartment construction is
robust,» says Steve Hovland, director of research at HomeUnion, an online real estate investment management firm.
Separate studies issued this week share the same conclusion that
demand for rental
apartments and other housing options will stay at elevated levels largely due to continued
robust household formation and limited affordable housing options, especially for detached single - family houses.
Robust household formation and high housing prices will continue to drive
demand for
apartments.
Job growth has exceeded the national average and helps maintain a
robust demand for
apartments.
The
apartment market led the way among commercial property markets in the third quarter, as
robust demand pushed down the national vacancy rate and supported rent growth.
Demand for class - A
apartments in major markets has been
robust, prompting investors to look into value - added and secondary markets.
The promise of strong rent growth and
robust investment activity moves San Francisco up seven spots to lead the nation in Marcus & Millichap's annual National
Apartment Index (NAI), a snapshot analysis that ranks 43 apartment markets based on a series of 12 - month forward - looking supply and demand in
Apartment Index (NAI), a snapshot analysis that ranks 43
apartment markets based on a series of 12 - month forward - looking supply and demand in
apartment markets based on a series of 12 - month forward - looking supply and
demand indicators.
For investors, those swelling income streams will bring
robust demand from private buyers who will be forced to forage among San Francisco's depleted inventory of for - sale
apartment properties for acquisitions, according to Linwood Thompson, senior vice president and managing director of the national multi-housing group at Marcus & Millichap.