Century Blog

Highlights Include:

1. Vacancy results are mixed depending upon location and unit type
2. Century has specific vacancy data by area of town, unit type, etc.
3. Century is working with active buyers of large apartment complexes anywhere and small or large multifamily properties in south Lincoln.

Lincoln Vacancy Update

There seems to be conflicting reports about the rental vacancy rates depending upon who you talk with.  I talked with one landlord with a few hundred units in Lincoln who says July was the worst month in his history of owning apartments while I saw another individual on the news who owns about 200 units say his vacancy is the best it has been in 10 years.  Who is right?  Both individuals. Century has recently segmented all of our vacancy by area of town, unit type, etc.  Our data suggests that certain types of units and certain areas of town are very strong while other areas and unit types are facing some unique challenges.  This type of data is helping Century to advise buyers and sellers of multifamily property and allowing us to maneuver rents, specials, and marketing on a daily basis to maximize revenue for our owners.

If you have an interest in knowing specific vacancy data around the city please contact David Watson at 402-802-2060.  You can also contact Todd Watson at 402-802-3594.

Brokerage Update

Century is currently working with multiple active buyers looking for the right multifamily property in South Lincoln.  If you have any available units in south Lincoln please let us know.  Additionally, we have a couple individuals who would like to buy a large apartment complex (100+ units).  Please let us know if you have buildings that fit either of these characteristics and if you would entertain selling your property.