What’s driving Multi Family Housing, medical facility, and hospitality construction growth in Southeast U.S.? Employment and Affordability! “The Southeast region continues to generate steady gains in commercial real estate performance as positive employment momentum converges with generally limited development pipelines,” says John Chang, first vice president, research services, at Marcus & Millichap Real Estate Investment… Continue reading Construction Growth for Florida & Georgia Multi-Family Housing & Apartments
Tag: Atlanta apartment construction
Apartment Rents Are Rising As Vacancies Are Declining in Southeast U.S.
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.