Apartment vacancies are edging up in many areas of the country as
frustrated sellers instead try to rent out their homes and condos in
once red-hot structure markets. And that is making it harder for
landlords to raise rents. In the toughest markets, apartment owners are
even offering lease incentives to snag renters. Renters may be the
biggest winners in the current structure slump, especially in places
like Florida, Las Vegas and Southern California, which have thousands
of vacant for-sale and foreclosed homes and condos on the market.



Hessam Nadji, managing director at Marcus & Millichap Real Estate
Investment Services, which analyzed the data for The Associated Press,
said that "What's different now is the degree of excess homes and
condos existence put on the rental market. The sheer volume is creating
more competition for tralatitious rental markets." The vacancy
evaluate is expected to rise by a half-percent this assemblage to 6.1
percent as the market absorbs about 3.3 meg more rental home and condo
units. After staying relatively flat terminal year, apartment vacancies
bumped up in the first quarter from the end of terminal year, the
research showed. Nadji also predicts rent growth broad will slow to 3.5
percent from 4.6 percent.




Jron Magcale


http://miamirealestatesearch.org/


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condos existence put on the rental market. The sheer volume is creating
more competition for tralatitious rental markets.\" The vacancy
evaluate is expected to rise by a half-percent this assemblage to 6.1
percent as the market absorbs about 3.3 meg more rental home and condo
units. After staying relatively flat terminal year, apartment vacancies
bumped up in the first quarter from the end of terminal year, the
research showed. Nadji also predicts rent growth broad will slow to 3.5
percent from 4.6 percent.




Jron Magcale


http://miamirealestatesearch.org/
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