Apartment building activity in the Southeast is expected to pick up in the next year, with the number of new construction starts in 2012 likely to top this year’s total by 50 percent.
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Greg Willett and Jay Parsons look at markets that had high expectations going into 2011, but so far have not lived up to the hype.
Miami’s ongoing apartment rent growth stats rank among the most impressive seen anywhere across the country.
Competition from single-family homes and condos didn’t seem to dampen U. S. apartment market demand during most of 2009 and the first half of 2010. More recently, it looks like shadow market rental product has seen its popularity rise again in specific metros.
Miami’s apartment market is back among the nation’s elite performers for both occupancy and rent growth. The outlook appears positive, but there is a wild card factor to monitor as we move through the next phase of the cycle.
MPF Research reveals its top 10 picks for revenue growth in 2011 among the nation’s major markets.
While significant vacancies continue to plague some apartment markets in Florida, Miami’s occupancy rate looks pretty good.
Rents in West Palm Beach jumped higher than in other South Florida metros during 2010′s 3rd quarter, but those hikes may not be sustainable.
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.