Apartment Sales On The Rise In California
SOURCE: National Real Estate Investor
According to a national forecast by real estate investment services firm Marcus & Millichap, rent growth in San Francisco, CA will lead the nation in 2008.
With an estimated employment growth of the region at 10,200 this year, new workers will need to choose between apartments and one of the nation's most expensive homes markets. This is why forecasters are expecting renter demand to increase the citywide vacancy rate to drop 30 basis points by the end of 2008.
Landlords will have the upper hand in pricing control. Asking rents are expected to rise 7.8% with the average rent being $1,995.00 per month.
Read full report »
According to a national forecast by real estate investment services firm Marcus & Millichap, rent growth in San Francisco, CA will lead the nation in 2008.
With an estimated employment growth of the region at 10,200 this year, new workers will need to choose between apartments and one of the nation's most expensive homes markets. This is why forecasters are expecting renter demand to increase the citywide vacancy rate to drop 30 basis points by the end of 2008.
Landlords will have the upper hand in pricing control. Asking rents are expected to rise 7.8% with the average rent being $1,995.00 per month.
Read full report »
