The Economics of the Apartment Market in the 1990s

Kenneth T. Rosen
Additional contact information
Kenneth T. Rosen: Haas School of Business Center for Real Estate and Urban Economics University of California, Berkeley Berkeley, California 94720, http://groups.haas.berkeley.edu/realestate/index.asp

Journal of Real Estate Research, 1996, vol. 11, issue 3, 215-242

Abstract: This paper examines fundamental and investment demand for rental apartments in the 1990s. Demographic and economic trends fuel the demand for rental housing. While rental demand in the U.S. as a whole will be somewhat weak in the 1990s, demand will be strong for areas with high in-migration, due to the younger age characteristics of movers, and the high costs of homeownership in many regions. Apartments represent one of the few real estate product classes in which demand will outpace supply in the 1990s. This impending supply-demand imbalance will result in substantial increases in real rents and investment values in select apartment markets across the country. This report proceeds to describe some of the major financial, economic and demographic conditions that will create attractive investment opportunities for institutional-grade apartment investments in the 1990s.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol11n03/v11p215.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:11:n:3:1996:p:215-242

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().