By Adam Frisch, Managing Principal, Mantus Real Estate
Currently, vacancy rates in New York City and San Francisco are quite high by the standards of those cities although they would probably seem low by the standards of the rest of the country. As a result, cap rates are higher in other parts of the country than they are in New York City and San Francisco. Due to the booming job markets in both of these cities, there is increased demand for housing in them as opposed to other cities.
Click here to read more of Adam’s thoughts in Multi-Housing News.