Posts Tagged ‘population’
There are a number of ways to determine the nation’s “top” multifamily markets. It all depends on one’s specialty or investment strategy. Even so, this ranking, based on late-2012 vacancy data from ReisReports, is a good place to start. Here are the Top 10 U.S. Multifamily Markets by Vacancy Rate:
10. McAllen, TX: 2.3%
9. Honolulu, HI: 2.3%
8. Fargo, ND: 2.3%
8. Once more, in case the enormity of the statement hasn’t yet sunk in: Fargo, ND: 2.3%
7. Bellingham, WA: 2.3%
6. Scranton/Wilkes-Barre, PA: 2.2% Read the rest of this entry »
- Globally, population growth is entirely urban. All future population growth will be absorbed by cities and require massive property development.
- The greatest urban population growth is in the three largest countries — China, India and the United States.
- Europe is not a good place for investors because its demand is based simply on replacement. There is no real growth. Every new building must be matched by demolition. (quoted in IREI Monthly Insights, Nov. ’11)
Lachman also noted something the commercial real estate industry has already figured out: Asian cities are the fastest-growing markets in the world, with some of the most promising opportunities for investment. It’s no surprise that J.P. Morgan (NYSE: JPM) and others are investing heavily in India, China, and other rapidly growing Asian markets. Read the rest of this entry »
Its officially summer now, and birds have migrated back north. Humans? They haven’t been migrating anywhere. No, not even those elderly humans with an affinity for (early) birds. What once seemed like a rite of passage with retirement has stagnated due to several factors, which has caused a seismic shift in how demographics unfurl. And as any economist, or any developer will tell you, demographics are as key of a component to real estate as anything else. Office buildings need workers and affordable homes within an hour’s drive of the office. Strip centers need high traffic counts fueled by a sizable population. Multi-family needs, well, multiple families. So what are the main causes for this sudden lack of migration? Let’s take a look… Read the rest of this entry »