The Southeastern United States is growing fast, which is why construction of multi-family housing is in such high demand. According to the U.S. Census, Tampa, Florida ranked in the top five for population growth in the metro area. Other cities that made the list includes, Orlando and Miami, Florida, and Atlanta, Georgia.
“Orlando’s multifamily market is expanding rapidly as a result of its strengthening economic fundamentals. Its increasing population and employment make it one of the country’s fastest-growing cities. The rental market benefits from an inflow of young professionals, which are drawn to affordable housing, a growing job base and a high quality of life.”
“Investor demand is robust, with more than $2 billion in properties changing hands during each of the past two years. We expect strong demand for housing to persist, with rents rising 5.8 percent in 2017, though the amount of supply will temper growth to some extent.” according to Multi-Housing News
Millennials are not only the largest group of renters, they are renting for much longer periods of time than any other generation.
They are looking for the latest upgrades in technology, high end amenities, beautiful outdoor areas, updated flooring, and a great design.
Millennials want a vibrant and exciting community that goes well beyond the run of the mill apartment. Cyber cafes, well equipped fitness center, private movie theater, large swimming pool, and smart home automation is what sets apartments apart.
Environmentally friendly living spaces are important to Millennia’s, LED lighting, energy efficient appliances, composting and recycling programs.
The multi-family sector has proven to be an overall great investment. In the United States, there has been a lifestyle shift, making the demand for multi-family housing and apartment living go through the roof.
SWET Construction Group bridges the gap between visualizing a concept and making the project reality with cohesive spaces, rooms and designs that flow together both aesthetically and functionally. Whether it’s a new construction or renovation, we make the experience enjoyable by taking you through the process of building and designing, to ensure your project has the look and feel you imagine.