Posted on Friday, February 4, 2011
The recovery of the apartment market exceeded expectations both in timing and magnitude, laying the foundation for extraordinary improvements in operations in 2011. All 44 major U.S. apartment markets are forecast to register employment growth and extremely limited construction this year. As these powerful trends combine, renter demand will significantly outpace new supply, generating tightened vacancies and rent gains. This accelerated recovery has opened exceptional investment opportunities, and yields for the best assets have already begun to decline..
To help you formulate your investment strategy for the coming year, Marcus & Millichap presents the 2011 National Apartment Report. The 2011 National Apartment Report explores the unique market dynamics of 44 metros across the country, delving into construction activity, rents, vacancy rates and investment trends. The report also contains our industry-renowned National Apartment Index, which ranks each market based on a series of 12-month forward-looking supply and demand indicators.
Click here to download the 2011 National Apartment Report.
As a service to our clients, Marcus & Millichap provides research reports through the Research Services page of MarcusMillichap.com. If you would like additional information on a particular market, please contact the local office nearest you to speak with one of our investment specialists.
Best wishes for continued success, and we look forward to serving your investment needs.
John Chang, MARCUS & MILLICHAP