Investors confident in multi-family sector above all others, survey shows

TRD MIAMI /
Nov.November 20, 2009 10:16 AM

Investors are favoring apartments over other property types now more than ever. Nearly half of those surveyed, 46 percent, said they were most interesting in buying multi-family units, in a recent quarterly report by National Real Estate Investor, Retail Traffic and Marcus & Millichap. In the second quarter, only 38 percent had that preference. The next-best property type was considered undeveloped land, with 28 percent of investors choosing it as their favorite. Retail and industrial property followed with 26 and 24 percent, respectively. Hotels registered as most lucrative by only 18 percent of respondents. While multi-family properties have suffered from weak absorption levels and rising vacancies, investors’ preferences may reflect their relative stability compared with other properties, like office buildings. Investors expressed optimism about the outlook for the apartment sector, with a combined 74 percent predicting that rents will either increase or remain flat in the future as distressed properties make their way onto the real estate scene. [Retail Traffic Mag]


Related Articles

arrow_forward_ios
Seritage CEO Benjamin Schall, CTO CEO John Albright, and 1460 West 49th Street, Hialeah (Credit: Google Maps)

Seritage sells Hialeah shopping center for $21M

Seritage sells Hialeah shopping center for $21M
Southland Mall, 20505 South Dixie Highway in Cutler Bay with JLL's Tom Hall and Danny Finkle (Google Maps, JLL)

Southland Mall’s troubled $65M CMBS loan for sale

Southland Mall’s troubled $65M CMBS loan for sale
From left: Chris Maling, Donald K. DeWoody Jr., David Maling, and Alfredo Sanchez

North Palm Beach mixed-use property hits the market for $45M

North Palm Beach mixed-use property hits the market for $45M
Raanan Katz and 10760 Northwest 17th Street in Sweetwater (Photos via RK Centers; Raanan Katz)

Miami Heat minority owner pays $20M for Sweetwater Best Buy

Miami Heat minority owner pays $20M for Sweetwater Best Buy
Mihaela Coprean and Alfonso Costa Jr.

Movers & Shakers: Falcone Group hires HUD’s former deputy chief of staff, Metropica taps biz development director & more

Movers & Shakers: Falcone Group hires HUD’s former deputy chief of staff, Metropica taps biz development director & more
27359 South Dixie Highway and Longpoint Realty Managing and Founding Partner Dwight Angelini (Google Maps)

Longpoint buys Fresco Y Mas-anchored center in Naranja

Longpoint buys Fresco Y Mas-anchored center in Naranja
Hard Rock Cafe at Bayside Marketplace (Hard Rock)

Bayside Marketplace sues to evict Bubba Gump, Hard Rock Cafe and three other tenants

Bayside Marketplace sues to evict Bubba Gump, Hard Rock Cafe and three other tenants
Commissioner Ricky Arriola and an aerial of Sunset Harbour in Miami Beach (Compass)

Miami Beach moves toward banning chain restaurants and stores in Sunset Harbour

Miami Beach moves toward banning chain restaurants and stores in Sunset Harbour
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...