The,Demand,for,Condo,Market,Ou business, insurance The Demand for Condo Market is Outpaced by Rental Units as B
As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The
However, the investment growth does not favor the condomarket but rather the rental unit market.In the early part of 2011, theofficials of Boston have allowed developers to build 1,000 units to decreasecondominium and increase rentals like the luxury apartments Boston will serveto its market.According to Boston Redevelopment Authority director JohnPalmieri, Boston is expecting to have a total of 1,855 apartment rental unitsto be built in 2011 and 830 of those were supposed to be condominiums.Rentalrates in Boston were up by up to $4 per square foot while the construction costwas down to $500 per square foot.With these prices, developers believe thatthey can build high quality apartments for rent Boston can be proud of and haveit rented at a price of more or less $5,000 a month and this will definitelygive investors a good yield of income on their long term investments.Investorsbelieve that rental in Boston will have an increase of 3.5 percent in 2011,which made many investors and developers decided to move on to Boston.Anotherreason why many developers are invited to build apartment rentals in Boston isthe strong real estate fundamentals and economy growth due to the industries ofthe 21st century including biotechnology as well as the stable large number ofmedical and educational institutions found in the area.Many companies arehaving their workers assigned to their Boston location, either on a permanentor medium term basis, which also helps fuel the demand for housing in theBoston area.Job growth in Boston is outpacing other cities of the country likeSan Francisco.This year, Boston has expected new positions of 49,000, which isa huge increase from 37,500 last year.Sectors to offer new jobs includebusiness consulting, technology, life sciences, higher education and healthcare.Targets of renters in Boston include students, health care institutionstaff, families with foreclosed property, those who lost their jobs, those whoaccepted a lower paying job, and those who believe that residential values willcontinue to fall, making purchasing a home a bad idea for the moment due touncertainty in residential single family homes.Developers consider the Back Bayas the best place to invest in Boston.In fact, a developer will build a188-unit apartment building this year in that area.There are also many otherneighborhoods in Boston where apartment buildings are either being built fromcompletely new development projects, or old and dilapidated buildings are beingrestored.We can also see some commercial properties being renovated andre-purposed as residential housing units in some areas. Article Tags: Condo Market, Rental Units
The,Demand,for,Condo,Market,Ou