The Market

Multi-Unit Real Estate Market

 

Well positioned apartment assets do well in up as well as down markets.  When the financial markets collapsed worldwide, apartments remained a positive economic force, contributing to the nation's economic recovery.  

The collective economic impact of apartments is set to grow as greater economic stability and stronger job creation has led to more jobs, driving more demand for apartments—both new and existing—and ultimately fueling critical spending for the economy.


There also are indications that the rising level of average asking rents has been helped by a large volume of higher quality
new apartments coming online. And, despite a large volume of new apartments completed, it appears that overall vacancy levels were virtually unchanged during the quarter.


The steady absorption of newly constructed units in the fourth quarter of 2013 indicates that demand for rental apartments remained
steady, though not strong enough to bring already historically low vacancy rates any lower. Preliminary data indicates that net
absorption rates were remarkably strong.