The present economy is creating a soft rental demand because vacancies are on the rise. The gap between buyers and sellers remains quite wide. According to Marcus & Millichap Third Quarter newsletter newer Class A assets generally trade between 7.5 % and 8.0 %, while Class B assets are typically in the mid- 8 to 9% range. While older Class C assets are in the 9 to 10 % range. So in the coming quarter, investors with long term strategies will likely target complexes in the Inner Loop, where new supply is prevalent but renter demand is expected to be strongest going forward.
We are Theory Corporation, a Real Estate Investment firm primarily focused on multifamily units across the United States. Give us a call at 760-476-1535 or 800-213-5442 ext. deal (3325). We look forward to making business with you and helping you find that perfect deal. It’s our thing.
