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The asking rental rate rose $0.56-per-square-foot to an average of $39.75-per-square-foot from the second quarter. In the past year, MMG Equity notes that the average asking rental rate has risen $4.21-per-square-foot from the $35.54-per-square-foot registered in the third quarter of last year.
Panelists during the transaction talk panel at GlobeSt. APARTMENTS talk about deploying money in the best way, challenges to address and picking the right spots and create value in multifamily assets.
"With cap rates increasing ever so slightly for tenants such as AutoZone, O'Reilly's and Advance Auto, investors will be able to acquire investment grade credit at higher yields."
ASPIRE aims to celebrate the Asian and Pacific Islander culture by building a global community that is committed to the advancement and development of its members while serving as champions of diversity and inclusion, C&W states.