Class C apartments will see vacancies rate down to 3.9% this year, considered the lowest level in almost 20 years. Driven by millenials force in the market and a very low employment rate. Those young adults still face multiple barriers related to the costs of homeownership, therefore raising demand of the affordable apartments sector.
These strong demand drivers will support long-term yield models creating a good environment for investors to continue to pursue new assets on both primary and secondary markets, which is predicted to have an increased flow of capital on these sectors.
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