The latest quarterly survey of apartment conditions by the National Multifamily Housing Council confirms what has been clear for months: the rental markets are posting strong growth.
Ninety-two percent of the over 100 CEOs and other senior executives of apartment-related firms surveyed by NMHC in July said apartments with low vacancy rates and high rent increases were prevalent compared to 67% in April.
The survey also found that capital market conditions were improving for the asset class as well. At 45%, nearly double the number of leaders in July said it was a better time to borrow considering interest rates and non-rate terms against the 23% who felt that way three months earlier.
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