Century Blog
Category: Apartment Sales
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Aug 31, 2009
Lincoln Vacancy Update
By: David Watson CommentsHighlights Include: Vacancy results are mixed depending upon location and unit type Century has specific vacancy data by area of town, unit type, etc. 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 ...Filed in: Apartment Management, Apartment Sales Read Full Post -
Jul 1, 2009
Lincoln Market Update
By: David Watson CommentsLincoln Market Update Apartment Sales Activity has been strong in the last couple months while commercial sales and leasing has remained very slow. Apartment sales activity may be strong right now because interest rates are low and we believe apartments are poised for significant rent increases during 2011-2013. Here is our reasoning for this projected rent increase: Significant government spending will most likely result in higher interest rates making it more difficult to purchase a home. Tightened credit also makes it more difficult to buy a home. Government spending will most likely cause inflation raising the price of most goods and services. Slower construction rates in the city in recent years has not kept pace with normal absorption of rental units. At Century, we began raising rents in 2008 and continue to find success in doing so during 2009. Additionally, one of the leading eviction attorneys in town claims evictions ...Filed in: Apartment Management, Apartment Sales, Commercial Sales Read Full Post
