01 Dec Multifamily Investments Looking Good
According to National Real Estate Investor, CoStar’s U.S. Multifamily Index reached its prerecession peak in the third quarter of 2014, and was 1 percent above its 2007 high in September.
Alice Hall, One West Victory… seems that every time we turn around there is a new student housing or multifamily development being built in Savannah. Between rising numbers of SCAD students, the growth of Gulfstream and The Port, and the overall trend of young adults renting apartments rather than buying single family homes, demand for multifamily is strong. While prices for multifamily properties are on the high end, low vacancies and steadily increasing rental rates make investing in multifamily a handsome proposition.