Rent Market Expected to See Growth in Secondary Markets

[Corey Dutton]

Secondary markets such as Houston, Denver, Nashville, and Austin, Texas are expected to see growth in rents in 2014, by more than 4%, according to a recent article in National Real Estate Investor Online. According to Brad Doremus as senior analyst with Reis this anticipated growth is largely related to the fact that many of the economies in these secondary markets are dependent on rapidly growing industries such as tech and energy. Because many bank lenders prefer to lend on Class A properties in top tier markets, bridge lenders will follow real estate investors into secondary markets this year to finance new acquisitions.

(Source: NREIOnline.com: http://nreionline.com/multifamily/secondary-markets-experience-accelerated-rent-growth-2014?NL=NREI-11&Issue=NREI-11_20140607_NREI-11_729&[email protected]&YM_MID=1470202&sfvc4enews=42&cl=article_3 )

Posted by Corey Curwick Dutton