But it will take more than two years to achieve, and not without navigating some road bumps.
Anemic job growth and wage increases have hindered stronger rent growth across the country.
The recently released NAHB Multifamily Production Index says that multifamily builders have reached 2005 levels of optimisim. Do you share that sentiment?
The National Association of Home Builder’s (NAHB) Spring Construction Forecast showed that multifamily starts are projected to continue at a healthy pace as expected.
Concession burn off and full occupancy position landlords to aggressively push rents in 2011.