Sunrise: Multi-Family Rents Recovering

English: 60 Richmond Street East, an affordabl...

Sunrise Management & Consulting’s “Multifamily Rental Market Report Fall 2011” reports that multifamily rental rates are recovering throughout the northeast market. The Northeastern Regional Overview states:

The Fall 2011 Sunrise Multifamily Rental Market Report finds average rental rates throughout the Northeast to be at or above rental rate levels from the Fall of 2008, having mostly recovered from the economic downturn. These findings are driven by rising demand for rentals amid constrained inventory throughout the region.

Average rent in the Capital Region was up 3.5% over Fall 2010 and 8.4% over Fall 2008.

Read the full report here.


About Gary Snowdon, ASA

Commercial Real Estate Appraiser in New York State's Hudson Valley, Capital, Saratoga, and Adirondack Regions.
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