The Bay Area still leads the nation for annual rent growth, but no longer with double-digit hikes. At the same time, apartment construction has reached the Bay Area’s highest levels in more than two decades.
Oakland doesn’t get the attention showered on San Jose or San Francisco, but Oakland’s apartment sector has more than held its own.
Few local apartment markets can match San Jose for upside potential with a well-timed investment. But jump in at the wrong time and the downside risk is about as bad as you’ll see anywhere. Greg Willett explains.
San Francisco’s apartment market saw some mixed results in 2010, but there’s still plenty to like.
MPF Research reveals its top 10 picks for revenue growth in 2011 among the nation’s major markets.
Don’t look for San Francisco to continue trailing the national norm for apartment market recovery. In fact, it appears to be a good candidate to surge up the performance list and grab a top 10 national position for apartment market revenue growth during 2011.
With apartment occupancy back up to 97 percent, rental rates are jumping up again in San Jose.
Seven metros posted readings at or above 96 percent thanks to the widespread recovery of the U.S. apartment sector in the first half of 2010.
The recovery of the nation’s apartment market continued at full steam in the 3rd quarter of 2010, according to preliminary data from MPF Research.