Business Services Industry
Apartment Market Jump Has Investors Swarming in Arizona Town. (Originated from The Phoenix Gazette)
Knight Ridder/Tribune Business News, August, 1993 by Fiscus, Chris
Aug. 5--While the Valley's single-family housing market grabs most of the fanfare, the apartment sector quietly is showing signs of new life.
Second quarter vacancy rates dipped to their lowest level since 1984, and average rental rates continues to climb. The two factors traditionally are the first signs of a rebound.
"We're pretty confident we'll see more rent increases in the fall, maybe 5 to 10 percent," said David Wetta, regional manager of Marcus & Millichap, a real estate investment firm.
"We could see a recovery by late 1994 or 1995." The apartment market has limped since massive overbuilding in the mid- 1980s.
With the exception of the West Valley, which is dominated by older apartments, Wetta said relieved project owners are...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express