As many experts have praised again and again, the multifamily industry performed consistently well throughout the recession. Now with the recovery in full swing, we’re seeing that this section of the market continues to prosper along with the rest of housing market! We can’t help but ask ourselves, “What’s next for the multifamily market?”
A recent article published by Multi-Housing News quells any fears that this incredible time in the apartment market is over. The article, written by renowned industry expert Michael Bull, notes that “with demand from Millennials and Echo Boomers expected to remain strong, 2014 should be another good year for the multifamily market.” And looking back on how rents and occupancy rates continued to grow throughout much of 2013, we’re excited to see the same progress this year!
But it’s not just Millennials pushing the apartment market forward; many retired professionals and grown families are seeking luxury apartments for rent as well. These spaces offer an alternative living option for those who no longer wish to be in the housing market or settle for the risks involved. In fact, there are many benefits of renting for retirees, and it’s a viable option for many.
Additionally, Brett Finkelstein, CEO of CFLane, an Atlanta-based investment and real estate management company, believes that “amenity packages are still key to attracting and retaining renters.” He adds that “tenants want a lifestyle, not just somewhere to live.” Here at Arcadia Run, we are in tune with what our renters want! In 2014, we’ll be introducing a pool, clubhouse, fitness center and much more to our community. With everything brand new, our renters know they’ll have access to the best updated equipment and facilities.
But some of Arcadia Run’s most unique features are the incredible apartments. How often do you find a truly luxurious apartment community? Or a newly built one at that? Not only are Arcadia Run apartments extremely conducive to active professionals and young families alike, but they simply offer more to the tenants. Living in an apartment at Arcadia Run is so much more than renting an apartment! It’s embracing an active and fulfilling lifestyle, surrounded by neighbors just like you. Take a look at our one- and two-bedroom apartments that are as spacious as they are luxurious. Updated appliances are included in every unit, as well as tall ceilings, extended windows, granite countertops, and designer cabinets. Get used to getting more!
Source: Multi-Housing News