Bay Area Tri-County Market Overview

Optimism pervades the multi-family market in the Bay Area Tri-County

Looking ahead to 2012, Latitude 38 Group has identified excellent investment opportunities in the Bay Area Tri-County and has put together a market overview showing the major trends in this area.

Renter demand in San Francisco, Santa Clara and San Mateo counties continues to grow intensively, fueled by booming tech-sector job creation. The limited supply of housing in preferred urban neighborhoods has led to increasing demand in nearby communities in the Peninsula. Because of their proximity to the tech-startup companies, demand in Santa Clara and San Mateo County has been affected most positively. 

Rising rents are attracting investors targeting apartment properties.

In recent years transactions and sales velocity across both counties have built momentum, bringing cap rates close to those in the city.

This has created an opportunity because prices still have not reached pre-recession levels and therefore new development has been delayed. Find out more:CLICK HERE

Head to www.l38group.com for more in-depth look at the multi-family market.