Apartment Inventory Age: Small Properties are Older, Ready for Upgrades

Larger apartment buildings offer the most up-to-date amenities including such components as a fitness center, pet areas and media rooms, to name a few. With that said, larger apartment buildings tend to be the more desirable asset for the potential renter. Meanwhile, smaller apartment buildings face tougher competition in attracting renters. However, this can all change with the right investor.

This article  explains that with increasing competition for urban renters, upgrading and reintroducing older, smaller properties represents a new market opportunity for investors.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s