In this edition, Steve Fame, Dan Chatfield and Jonathan Gee highlight the insatiable demand for West Side and West End apartment buildings.
Despite a slight decrease in average per-unit values in most sub-markets and increasing interest rates, capitalization rates have continued to decline to historical lows, throughout the West Side and West End respectively. Additionally, in the first six months of 2018, Sixteen apartment buildings have reportedly sold totaling over $345 million, compared to 36 buildings worth approximately $410 million in all of 2017.
