Whether you are thinking about buying or selling multifamily real estate in the coming year, you understandably want to keep a close eye on the market to determine when the time is right to do so.
You may also keep your eye on different hot real estate markets that may be ripe for profitability and monitor the national and local economies in markets you are interested in. As a whole, the multifamily commercial market is expected to fare well in the coming months, and this means that now may be a great time to start working with TripleNetInvesting.com to find the property that is a best fit for your situation.
Top Multifamily Real Estate Markets to Keep an Eye On The National Multifamily Index is a ranking system that enables you to monitor market conditions with ease, taking into account factors related to vacancy, growth in rental rates, projected employment gains and more. Based on the National Multifamily Index, some of the top markets to look at for the coming year include San Francisco, San Jose, Portland, Seattle, Austin, Dallas/Fort Worth, Detroit and Atlanta. These are markets that are projected to have strong gains in the multifamily real estate market in the near future, and they may be markets that you want to keep a closer eye on for investment opportunities.
A Larger Outlook
While it is important to look at local economies when selecting rental markets to focus your attention on, it is also important to take a closer look at the national economy as a whole. The Gross Domestic Product for 2016 is expected to grow as much as 2.5 percent, and this growth is due in part to housing and construction starts. The job market is expected to add approximately two million new jobs in the next year as well, and this is a sign of projected economic growth.
The Apartment Outlook
Each market is unique, so it is important to take a more microscopic or localized view. However, on a national level, vacancy rates are lower, and this means that there is more demand for existing units. This along with a strong economy may mean that rental rates on average will increase in the coming year. In addition, approximately 285,000 new units will be built in 2016 across the country as a result of the demand for more units.
When You Are Looking for Investments
This year is expected to be a banner year in many areas of the country for real estate investors, and TripleNetInvesting.com is ready to help you get started looking for a new investment property to purchase. We are based in New York City, and we offer services across the country to help you with all of your investment needs. We also have an in-house financing department, Vertical Funding, which is available to you now for pre-qualifications and financing solutions.
Between making the decision to buy or sell multifamily or commercial property to deciding which market to focus on and to determining which property to invest in, there are many decisions that you will need to make before finalizing your investment plans. If you are interested in finding an investment property to purchase or if you are thinking about selling your property soon, contact TripleNetInvesting.com