The National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions shows a mixed bag of market conditions as of January, based on responses from multifamily professionals.
Marcus & Millichap has the largest pool of buyers in the industry, which is great news for our list side clients. Leveraging our proprietary listing platform and the industry’s largest, most collaborative sales force, we market properties to the most qualified buyers from across the country. This creates a competitive bidding environment where buyers find investments that fit their needs, and sellers get the best possible offers: a true win-win.
The burst of investment activity suggests that the suburban Chicago apartment market is still going strong after a record year for multifamily sales in 2016. Suburban rents are rising at a slow, steady pace, and developers haven’t gotten carried away with new projects, giving investors the confidence that they will continue to generate attractive returns by buying apartments here.