BiggerPockets Daily Is Multifamily Doomed?
Dec 9, 2024
The multifamily housing market is booming, with over 520,000 new units expected in 2024! However, cities like Austin face challenges of oversupply and high vacancy rates. Creative amenities are becoming key in attracting tenants. Discover how fostering positive tenant relationships can enhance cash flow and reduce turnover. For new investors, smaller multifamily properties are gaining appeal. Get insights on navigating industry costs in this evolving landscape, balancing luxury developments with genuine market demand.
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