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3Q-2016-MultiHousing_Report_PBCounty.pdf
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🔗 Source: naimhcreal.blog
📊 Size: 1.59 MB
👤 Author: Natalie Menn
⬇️ Downloads: 40

Summary

Palm Beach County's apartment market remained in the hypersupply phase in 3Q16, with negative net absorption and increasing vacancy rates. The market posted a 0.1% rental growth rate, down from 0.4% in 2Q16, and a 5.6% vacancy rate, up from 5.2% in 2Q16. There are 4,428 units under construction in the county, with Boca Raton and Delray Beach experiencing the strongest rent growth rates. Landlords should assess the impact of the upcoming administration's policies on the capital markets and property fundamentals, and prepare for potential concession wars as new units come online.

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Description

Palm Beach County's apartment market remained in the hypersupply phase in 3Q16, with negative net absorption and increasing vacancy rates.

Technical Information

  • File Format: PDF
  • File Size: 1.59 MB
  • Pages: 8
  • Language: EN
  • Author: Natalie Menn
  • Total Downloads: 40
  • Last Updated: 3 weeks ago

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