History shows this booming metro area can absorb up to 10,000 to 12,000 units every year. However, the construction rate since 2010 has only been 5,000 units annually.<\/p>\n
\u201cWhile it\u2019s good that today\u2019s occupancy rate tops the U.S. norm of 95.5%, what\u2019s really impressive is that Orlando\u2019s present occupancy level is more than 200 basis points above the local long-term average, measured going back to the early 1990s,\u201d says Greg Willett, chief economist of RealPage.<\/p>\n When it comes to rent growth for the next year, Orlando ranked second for the potential highest increase. \u00a0According to the latest data from Reis, a reliable source for commercial real estate properties for investors, 2018 should be a ‘banner year’ for supply growth.<\/p>\n A wide demographic of people are attracted to Class B and C multifamily housing, such as downsizing baby boomers, as well as Millennials entering the housing market. Offering renters more bang for their buck.<\/p>\n Millennials are a prime target audience for multifamily housing, they are expected to increase by 2 million in 2017. Over the next seven years, this demographic is expected to surpass 70 million. Just one\u00a0factor pointing towards investors seeing a large return on investment for affordable multifamily housing.<\/p>\n The future of multi-family housing market is prosperous.<\/strong><\/p>\n The SWET Construction Group is a premier contractor for multi-family housing. We are committed to quality new construction and renovations of existing buildings. We pride ourselves in client satisfaction, delivering the highest efficiency craftsmanship and unmatched expertise and value.<\/p>\n Contact SWET Construction Group about your project.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The next year Orlando, Florida is the top choice for investing in multi-family housing, according to a survey from both RealPage and the National Apartment Association. Orlando\u2019s job growth is increasing at an incredibly fast rate. Multifamily Executive wrote in a recent article ‘Apartment Investors Eye Orlando’, \u201cThe market is adding jobs at an average… Continue reading Apartment & MultiFamily Housing Construction in Orlando, Florida<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[98],"tags":[69,103,72,20,81,102,39],"_links":{"self":[{"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts\/2232"}],"collection":[{"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/comments?post=2232"}],"version-history":[{"count":14,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts\/2232\/revisions"}],"predecessor-version":[{"id":2246,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts\/2232\/revisions\/2246"}],"wp:attachment":[{"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/media?parent=2232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/categories?post=2232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/tags?post=2232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"http:\/\/www.swetconstructiongroup.com\/blog\/wp-content\/uploads\/2017\/11\/orlando-269946_1920-300x198.jpg\")
The current occupancy rate for apartments in todays market is 96.5%<\/strong>.<\/p>\n