February 14th, 2018
Market Trends to Know About For 2018
It’s incredibly important for multifamily properties to know all about upcoming trends. Residential properties have a greater chance at success if they’re able to stay on top of the latest shifts in real estate. That’s why we’re bringing you a few of the latest predictions in rental market trends. Here’s what to expect in 2018.
Declining Occupancy Rates
With declining occupancy rates on the rise, property managers will need to be more aggressive, not only to attract potential renters but to also keep current residents. Developing a strategic marketing strategy and ensuring living quality should be a top priority for 2018.
Senior Housing on the Rise
Baby-boomers are interested in renting like never before, which means that 2018 presents many opportunities for senior housing. These opportunities are especially relevant for Northwest and Southwest regions of the United States.
It can be hard to keep up with how quickly technology advances, but experts predict that this trend isn’t slowing down anytime soon. Property managers should constantly be on the lookout for new technologies to incorporate into their business practices, especially those that streamline any process.
Ultimately, multifamily players can gain the advantage over the competition by continually relying on market trends to make decisions.