CLICK HERE for the full M/PF YieldStar O.C. M/PF YieldStar outlook: Orange County apartment occupancy will dip a little further during the near term and annual rent growth will cool to about half the pace seen now. Units built before the 1970s were doing a little better, with 4% to 5% increases over the last 12 months. As of the end of the first quarter, M/PR YieldStar says rents were going up at a 3.2% annual pace in O.C., the slowest since 2004. Willett says rising vacancies are putting a damper on rent increases. Data analysis and help define improvement and monitoring plans with D&E. YieldStar has completed numerous commercial real estate related transactions, ranging from a 2.65M multi-family to a 35M mixed-use property, for high-net-worth individuals, including business owners and celebrities. That shadow market of single-family rentals doesn’t seem to be having much effect on the performance of Orange County’s apartment sector because the premium to rent a house versus an apartment is much bigger in Orange County than in most other locations.” View ASML job listing for a YieldStar Upgrades Install Relocation Engineer in. The result is that investors are able to make informed decision regarding their investment. In other spots, larger apartments with two or more bedrooms are struggling just as much as smaller apartments, since those larger units are vulnerable to losing residents to single-family homes offered for lease. “Orange County actually is one of the few metros across the country showing those occupancy patterns that normally come with recession. ![]() Greg Willett, vice president of research and analysis at Texas-based M/PF YieldStar, notes that when times get tough, people double up with roommates. (That’s still better than the nation as a whole, which had a 6% vacancy rate.) That’s a switch from last year when one-bedrooms were the hardest to find.Īt the end of March, 4.6% of one-bedrooms were vacant, while the vacancy rate in two-bedrooms was 4.4% and three-bedrooms 3.5%. one-bedroom apartments were slower to rent in the first quarter while two- and three-bedroom units were in higher demand. M/PF YieldStar found new evidence of a softening economy in O.C.
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