2012beof-111206092256-phpapp02

The average rental rate was 915 a month in q2 up from

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ect the pace of rates to rise in the second half of the year. The average rental rate was $915 a month in Q2, up from $900 in the same quarter last year. Apartment building sales volume is expected to increase, although reduced financing availability will hamper acquisitions, particularly with the high demand for HUD financing and slow loan processing. On the other hand, decreasing vacancy rates and increasing rental rates will continue to strengthen the market at least until the new supply comes online. Analysts expect the rental market to remain strong due to weak job growth, minimal new home construction, and financing challenges. Rental and Leasing Given that NAICS categories are defined by process, Rental and Leasing is one of the more diverse sectors in the NAICS structure. It includes an array of companies tied together by their renting/leasing function, but that are otherwise unrelated. Rental and Leasing employment fell particularly hard during the economic downturn, partially due its tie to the c...
View Full Document

Ask a homework question - tutors are online