Many of the characteristics that contributed to the strong performance of the multifamily investment market throughout 2021 remain present in 2022. By December 2021, national rents had the sixth straight month of double-digit rental rate increases. The national median rent for a one-bedroom apartment in December was $1,651 per month, which represents a 19.3% increase year-over-year. Apartment demand among renters 24-35 years old continues to drive strong interest in newly constructed apartment communities filled with modern amenities.
We don't typically have a lot of new agents in our corner of Verani Realty, however this month we welcomed two new agents to the Verani Realty Commercial Division Team!
Many real estate investors purchase multi-family houses to generate a steady income. If you’re considering buying an apartment building, you may be able to earn a significant profit, but there are costs and other factors to consider.
Andrew Carnegie—founder of U.S. Steel and one of history’s richest men—once observed, “More millionaires have been made through owning real estate than through all other industrial investments combined.”
Landing a good-paying job is the first step to building a financially secure future. But as Robert Kiyosaki of Rich Dad fame said, “It’s not how much money you make, but how much you keep, how hard it works for you.” Financial strategists provide seven ways to secure your future in earnest.
Selecting the ideal location for your company is not usually a unilateral decision made quickly. It’s a copulation of input from multiple stakeholders, from your executives and staff to your commercial real estate Advisor. The information and insight you obtain from your team is a valuable tool in the search and selection process.
Take a quick look back at our year with us. What a year 2021 was for the commercial division! Cheers to 2022 and all of the opportunities ahead for our agents and clients! We look forward to serving you throughout the year.