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Apartment rents and occupancies are poised to rise in U.S., economists say

Posted on 13 May 2011

Apartment rents and occupancies are likely to continue to rise as the U.S. home and labor markets remain depressed, economists said at a conference sponsored by investment-advisory firm Bentall Kennedy.
“There are fewer jobs today than 10 years ago,” said Doug Poutasse, head of North American strategy and research at Toronto-based Bentall Kennedy, which oversees $23 billion of real estate assets. “There has been a tremendous demographic shift.”………………………………………Full Article: Source


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