Investing in real estate in times of market stress is always a balancing act. “The trade-off is always between the safety of the asset and the probability of default,” Cecchini said. However, multifamily housing remains an area of the market he believes that can still perform favorably.
With unprecedented access to 152 million U.S. commercial and residential property records, agents can help their clients make informed decisions, and ultimately grow their businesses.
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O’Connor is the largest property tax consulting firm in the United States. O’Connor’s team of professionals possesses the resources and unparalleled market expertise in the areas of property tax, cost segregation, and commercial and residential real estate appraisals. The firm was founded in 1974 and employs more than 550 professionals worldwide.
As renewal rents increase, so does retention. Basic economics teaches us that renewal demand will drop once price becomes an obstacle. But that isn’t happening yet.
When it comes to cash flow, the Chicago multifamily is the king of the world. Or at least the country, with capitalization rates, a measure of rental income, well above the national average.