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Workforce Housing Gaining Foreign Capital Interest

12/06/2018 | World Property Journal
According to new market research from CBRE, strong market fundamentals are attracting a wide variety of investors to workforce housing, creating good returns and helping to preserve affordable accommodation in lower-income communities.

Workforce housing--rental communities that are affordable for low- to median-income workers--has outperformed the overall multifamily market for the past four years, with relatively low vacancy rates and above-average rent growth. Slow wage growth over the past decade contributing to a high number of potential renters, an extreme lack of new supply, and limited alternative options means strong and sustained demand for workforce housing apartments is expected to continue in 2019.

https://www.worldpropertyjournal.com/real-estate-news/united-states/orlando-real-estate-news/2018-workforce-housing-report-rental-housing-data-multifamily-housing-report-cbre-brian-mcauliffe-real-estate-news-11166.php