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Apartment Investors Eye Orlando

MULTIFAMILY EXECUTIVE (November 17, 2017) – The National Apartment Association’s latest Market Momentum survey shows positive outlook toward the Florida metro.

In the next six to 12 months, Orlando is the top choice to see an increase in apartment investment spending. That’s according to respondents in the most recent Market Momentum survey from the National Apartment Association and RealPage.

Orlando, which was followed by Seattle; Washington, D.C.; Sacramento, Calif.; and Los Angeles, is an incredibly fast-growing metro, says Greg Willett, chief economist of RealPage. The market is adding jobs at an average annual pace of more than 42,000 positions in 2017, expanding the job tally by 3.6%, according to RealPage. Those new jobs create a demand for housing that investors seem happy to help supply.

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