CHICAGO – RealEstateRama – With most urban areas experiencing positive rent growth and strong demand, the multifamily sector is now seeing expansion to the suburbs and beyond, according to an article in Valuation magazine’s third quarter 2021 issue.
Valuation magazine is a quarterly publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers.
The newest issue’s cover story, “Multipurposed to the Max,” discusses how the multifamily sector, with a few exceptions, is booming as renters nationwide reconsider their needs for space, amenities, location and lifestyle.
Read “Multipurposed to the Max” in Valuation magazine’s third quarter 2021 issue.
Also in this issue:
“Out of Office” dives into appraisers’ thoughts on the drastic and sudden changes in demand for office properties brought on by COVID-19. Has the pandemic rendered office property comparables useless?
The Appraisal Institute is a global professional association of real estate appraisers, with nearly 17,000 professionals in almost 50 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.
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