Yes…yes, they did. From a report in September (pre-Helene), insurance rates decreased by .94% from 2Q2023 to 2Q2024. While not a significant decrease, a decrease nonetheless and the first decrease in over seven years. Regarding multifamily property and liability insurance, we’ll take any wins we can get.

 

 

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.