While we don’t know how long we’ll be facing high inflation, investment properties will hedge against inflation for as long as you own them.
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Utilities are one of the biggest expenses for apartment communities. And with inflation pushing the price of utilities to record-highs, it’s even more important that you’re keeping these expenses to a minimum.
Although there is not much an average seller can do to affect the supply line, they can create demand by using a good agent.
While industry analysts don’t all agree about the current outlook for multi-family housing, the need for additional units during 2023 and beyond has been identified.
In major economic hubs such as Chicago, Boston, and New York, where there are more employment opportunities and higher concentrations of college students, monthly rents climbed by double digits compared to a year ago. Chicago Becomes the Hottest Rental Market. Chicago experienced the largest annual growth, with the median rent increasing 20.8% to $1,949 monthly.
CRE Investment Forecast for 2023. The market is going to have to adjust starting in the middle of next year,” LaSalvia said. “I have a feeling that we will start to see deal volume pick up a little bit more as prices maybe adjust a little bit and also as investors find creative ways to get deals done.