Apartments in Southeastern United States may be getting smaller, but rents are rising as vacancies are declining. In prime urban locations, such as Atlanta, Charlotte, Miami, and Orlando, it is not uncommon for tenants to sacrifice living space. In fact, the average apartment constructed today is 934 square feet. That makes them eight percent smaller than apartments… Continue reading Apartment Rents Are Rising As Vacancies Are Declining in Southeast U.S.
Tag: apartment developments
Construction of Apartment Housing on the Rise in Orlando, Florida & Southeastern US
Why is the construction of multi family housing and apartment buildings on the rise? Because the demand is up, rents are rising, and vacancies are few! According to property intelligence from Rent Cafe, to meet the demand of renters, we need 4.6 million new apartments by 2030. That is almost 400 new units a year. That… Continue reading Construction of Apartment Housing on the Rise in Orlando, Florida & Southeastern US