Milwaukee has doubled its job growth in the last year; coupled with virtually no new construction, the market has one of the lowest vacancies in the Midwest.
Milwaukee has doubled its job growth in the last year; coupled with virtually no new construction, the market has one of the lowest vacancies in the Midwest.
Orlando recently made the top 10 list of Forbes’ Next Big Boom Towns. While the market did not perform particularly well in the recession, it has more jobs now than it did at the turn of the century.
Oklahoma City–Oklahoma City has proven to be relatively recession-proof, notes Tim McKay, senior investment advisor in Hendricks & Partners’ Oklahoma City office, pointing to a Forbes ranking that named it as one of the top 10 cities in this category.
The Queen City’s absorptions-to-completions ratio is currently 495 percent. In the trailing 12 months, 4,920 units were absorbed, while only 993 units were completed during the same period.
New York–Apartment transactions in New York totaled 115 during the third quarter of 2011, according to Ariel Property Advisors’ most recent Multifamily Quarter in Review: New York City.
Kansas City, Mo.–Investment interest in the Kansas City metro has nearly doubled, reports Mac Crowther, principal in ARA’s (Apartment Realty Advisors) Kansas City, Mo. office.
Indianapolis–Indianapolis is doing well, from an economic standpoint. Both the city and the state of Indiana have balanced budgets, points out George Tikijian III, CCIM, senior managing director of Tikijian Associates, who asserts that the state is performing better than most others in the Midwest.
Philadelphia–During the first half of the year, interest in Class A properties in the Philadelphia metro increased, according to Marcus & Millichap’s third quarter report.