CoStar to REITS: Current Turnover Rates May Require Lower Rents
CoStar reports existing institutional renters are accepting elevated rent levels as the new normal and/or haven’t found a better alternative … yet.
“As another September approaches and more new construction hits the market, REITs’ revenue maximization products will have to adjust their dials to deal with the new competition. And if they are to maintain the current turnover rate, rents will likely have to fall.”
Click to read CoStar’s complete article.
HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com