Apartment managers should not rush to cut rents, even if a flood of new apartments are expected and the construction cranes loom over their properties. If vacancies are still low, there still may be time to raise rents before competition for tenants forces existing apartments to trim their rental rates. “You can take the haircut in rents too soon,” says Greg Willett, vice president for MPF Research. As the national economy strengthens, demand for apartments is improving overall, ...
NREIonline.com Freemium Content
"Donâ€™t Cut Apartment Rents Too Soon" is FREE to access as a registered user on NREIonline.com.
Why Register for NREIonline? It's simple and free, and here is what you get:
- Access to leading real estate industry research.
- Interactive rankings of commercial real estate professionals.
- Submit your own articles, (if approved) which will appear around the site.
- Ability to comment and interact on all site content.