- Investor sentiment elevated for the outperforming sectors – Apartment, Industrial and Self-Storage
- All three property types saw operations hold steady or even improve over the past year
- Economic recovery & positive demographics drove Apartment net absorption to an all-time, record high in 2Q 2021
- Industrial properties, an asset class favored pre-pandemic, got a boost from the jump in eCommerce usage and retailers increasing safety stock amid supply chain disruptions
- Vacancy for Self-Storage dropped to the lowest level ever as remote working/learning drove additional space needs in people’s homes
- All three sectors have strong investor expectations for rising values over the next 12 months:
- – Apartment: 74%
- – Industrial: 74%
- – Self-Storage: 62%
Randolph is a Multifamily Investment Sales Broker with eXp Commercial servicing Multifamily Buyers and Sellers in the Greater Chicago Area.