As I’ve been saying for some time, just because commercial real estate is at a stand still or looking bleak in many cities across the US, it is not true for all! There are some fantastic opportunities out there. If you are a local or regional investor and looking for a stable investment in a healthy local and/or regional economy, there are several places in the Midwest worth noting. Some of those listed may surprise you:

  • Columbus , OH with 7.5 to 8% cap rates (150 to 200 basis points higher than rest of nation).
  • Cincinatti, OH with 95% apartment occupancy rates and decreasing unemployment rates.
  • Minneapolis/St. Paul, MN with decreasing unemployment rates, 4.5% vacancy rates and 2.7% rent increases so far this year.
  • Cleveland, OH and Detroit, MI with highest economic and physical occupancy and no concessions, rents increasing 3 and 4%.
  • Ann Arbor, MI with stable employment rates and research and education-driven population with steady rental needs
  • Indianapolis, IN with cap rates of 7.5 to 8%

To view the full article, visit http://www.multifamilyexecutive.com/industry-news.asp?sectionID=529&articleID=782840.

Your feedback and comments are always appreciated. Please contact me at Pete@ConsultPete.com or 925-719-3569. Many thanks to my listeners and readers for providing feedback. To learn more about my background, visit Consult Pete. To learn more about my company strategy, visit Commercial MasterMinds.