2011: Is It Getting Better?

2011: Is It Getting Better? My Answer to The National Apartment Association’s Question
By: Nicholas A. Dunlap, CPM

Whether you are an investor, owner/operator, manager or broker, the 2011 forecast for the apartment industry is something to smile about. Depending on your market, property values are likely trending upward toward more attractive sales prices, interest rates have decreased and held steady & both new and old players alike are abound in the marketplace creating a surge in energy we have not seen in years. Consider the aforementioned along with the fact that rents are increasing, move-in specials disappearing and we have the perfect climate for investment and expansion. The better question for 2011 is not is it getting better, but how much better will it get?