When COVID-19 emerged in Spring 2020, the nation’s apartment operators (rightly) prioritized occupancy over pricing power, so they hesitated to push rents when initial leases expired for their existing customers.
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If You’re Hesitant To Hire A Broker For Your Multifamily Property Read This
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A wide range of indicators shows surprising strength in everything from jobs, wages, and personal savings to home sales and apartment demand.
Effective asking rents have now fully recovered in a half-dozen gateway metros since prices hit pre-pandemic levels during June across Chicago, Los Angeles, and Northern New Jersey’s Newark-Jersey City area.
Apartment occupancy across the U.S. is sky high and in several small markets, all-time high occupancy rates and fewer total existing units translates into very few vacant units available for rent.
As rents have skyrocketed to record levels this summer, we’re often asked: Are rents surging because of the eviction moratorium?
Listings
Fully Occupied Multifamily Property For Sale Amber Ridge Apartments 991 Tollview Ave Aurora IL 60505
Marcus & Millichap is pleased to present to market Amber Ridge Apartments, a fully occupied 24-unit multifamily complex on the NE side of Aurora, IL bordering affluent Naperville, IL just to the East.