With retail and hospitality industries in a perpetual state of uncertainty since the global pandemic started in 2020, real estate investors have been drawn to multifamily properties. There is particular excitement about properties in areas outside of major metros, like Jacksonville. During the pandemic, these more affordable, less dense areas have become newly popular with former urbanites looking for more space and easier access to nature.
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Investors Show Their Love for Multifamily Properties
Posted by
Livable Content Team on Feb 1, 2021 3:27:07 PM
Electricity
Nationwide, property owners should expect across-the-board ongoing utility increases, with some jurisdictions expected to see double-digit rate hikes. According to a survey from the U.S. Energy Information Administration, the residential electricity price nationwide increased just under 1% between 2020 and 2021, continuing an upward trend - rates have gone up 6% in the last decade.
During the Corona Virus pandemic, there have been several lockdowns resulting in weeks of remaining sheltered in place. From construction to real estate and property management, many of the vendors that property owners rely on have been put at a standstill time and time again. In turn, renters have been anxious to make a move when there is a window of opportunity offered. Are your units ready to be shown?
