A comprehensive survey of 30,000 renters (‘comprehensive’ seems to understate the magnitude of the survey), 48% of respondents said they were planning to move in the next six months. This is a marked increase from 40% – 43% in the two preceding years. And of course the primary reason for those seeking new housing are rental rates. Given the near across-the-board escalation of rental rates over the recent past it’s no wonder that people are seeking different housing options. The article sites the post-pandemic return to the office phenomena occurring with many businesses as another contributing factor. In other words, many workers want to live closer to their place of employment.

 

 

Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.

 

Please find us at svikhart.com or contact us at 801-550-5684 to learn about the real estate services the firm provides. To subscribe to the firm’s newsletter addressing events of the day please follow this link Newsletters.