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From his office in downtown Minneapolis, Brent Wittenberg can see the region's apartment boom take shape just by looking out of his 13th floor window.
The Nic on Fifth, a 253-unit luxury apartment building a block away reportedly sold for more than $100 million last fall just after residents moved in an unheard of figure in Twin Cities residential real estate. Another luxury tower dubbed 4Marq is under construction on the same block.
Builders added 4,470 market-rate units in the Twin Cities in 2014 and Wittenberg expects another 3,500 to be move-in ready this year. Renters are signing leases as soon as the paint dries.
Still, all the construction has barely moved the needle on vacancy rates in the Twin Cities. They stood at 2.9 percent at year's end, up only slightly from a year prior. Over the same period, average monthly rent rose 4 percent and now tops $1,000.
As a result, anyone looking for an apartment in the Twin Cities likely will find fewer options and higher rents than they'd hoped. The metro area has one of the tightest rental housing markets in the nation.
When it comes to high-end apartments, Wittenberg can see a boom playing out in the data he keeps on his computer. Posh downtown apartments featuring dog runs, yoga studios, and concierge service may grab the most attention.
But rentals in all price ranges are in short supply across the Twin Cities, said Wittenberg, who tracks rental trends for the real estate consulting firm Marquette Advisors.
"I think that the demand fundamentals for apartments remain strong throughout the region," he said. "And we do not project a significant uptick in vacancy for the metro area as a whole."
Low vacancy rates and rising rents may be a landlord's dream, but they can be a nightmare for apartment seekers like Hilary Hannon, an attorney who has relocated twice in the last four years.
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Construction is booming but apartments hard to find
Father Bach II planneddowntown
Catholic Charities Spokane plans to build a second apartment building that matches the design of its 2012-constructed Father Bach Haven Home located downtown. Father Bach II will be built on a vacant lot at 201 W. SecondAve.
The 35,300-square-foot transitional housing project is in the plan review stage with the city of Spokane. Its designed to have four stories and 51 units in a mix of studio and one-bedroom floor plans. Inland Group of Spokane Valley is thecontractor.
In January 2013, Catholic Charities opened Father Bach Haven at 108 S. State
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Catholic Charities Spokane plans to build a second apartment building that matches the design of its 2012-constructed Father Bach Haven Home located downtown. Father Bach II will be built on a vacant lot at 201 W. SecondAve.
The 35,300-square-foot transitional housing project is in the plan review stage with the city of Spokane. Its designed to have four stories and 51 units in a mix of studio and one-bedroom floor plans. Inland Group of Spokane Valley is thecontractor.
In January 2013, Catholic Charities opened Father Bach Haven at 108 S. State St. to provide housing aimed at getting chronically homeless individuals off the street and into a place oftheirown.
Etailz Inc., a Spokane-based e-commerce retailer, has leased about 7,200 square feet at the Spokane Business & Industrial Park in Spokane Valley. The new space is primarily for use as a warehouse processingfacility.
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The Dirt: Catholic Charities plans second Father Bach apartment building - Mon, 23 Mar 2015 PST
Century21 Inpa Arrienda Apartamento Patios de La Flora Cali
Amplio apto en segundo piso con acabados excelentes, alcobas con amplios closets, balcn, unidad con piscina, amplias zonas verdes,ascensor, y vigilancia las 24 horas, en un sector muy exclusivo.
By: Inmobiliaria Paraiso
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Comuna de Luque multar con G. 1.300.000 a dueos de patios sucios
La municipalidad de Luque modific una ordenanza en la que podrn multar a propietarios de terrenos baldos sucios, la tasa pas de G. 280 mil a G. 1.300.000. Adems, aquellos terrenos...
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Photo taken of granite slabs shown in a wide range of colors.
If youre planning to update your home with new granite countertops, selecting your granite color will be one of the most important decisions youll need to make. Keep in mind that granite is available in a wide range of colors and patterns. Popular colors such as Uba Tuba and New Venation Gold tend to be consistent in pattern, color and are considered affordable. You will find that most fabricators offer these two colors within the base grade category. Popular selections such as Geriba and White Springs, tend to have a more diversified group of colors within the slab. These colors are considered Exotic and tend to cost more.
Whether you want to give your home its much-needed makeover or you just want to make it different, here are some popular colors of granite you may want to consider:
Uba Tuba- the name of this granite countertop may sound strange but it is by far one of the most popular colors of granite around. Uba Tuba originated in Brazil and its dark shades of brown and black made it a favorite in the kitchen and bathroom. It possesses that natural shine and smoothness common among granite countertops. It goes well with white, beige, and cream rooms.
Cleaning granite countertops regularly with Supreme Surface Granite Cleaner and Conditioner will help keep your granite countertops looking like new for years to come.
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Granite Countertops, Stone Tile Showers, Bathroom Remodeling
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Restoration Contractor College Point Ny Flooring Installation
http://www.retrorestoration.co, call us at 888-279-8608 for free estimates on Long Island New York.
By: IconMarketing2000
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Restoration Contractor Central Islip Ny Flooring Installation
http://www.retrorestoration.co, call us at 888-279-8608 for free estimates on Long Island New York.
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Restoration Contractor Briarcliff Manor Ny Flooring Installation
http://www.retrorestoration.co, call us at 888-279-8608 for free estimates on Long Island New York.
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Restoration Contractor Bedford Hills Ny Flooring Installation
http://www.retrorestoration.co, call us at 888-279-8608 for free estimates on Long Island New York.
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Restoration Contractor Bellerose Ny Flooring Installation
http://www.retrorestoration.co, call us at 888-279-8608 for free estimates on Long Island New York.
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