The Port Angeles self-storage complex sold for $95 per rentable square foot to a California-based investment group.
Developers will moderate the rate of new multifamily construction, according to Marcus & Millichap, but surban development will gain strength.
An uncertain market means a heyday for New York's brokers.
A reduced development pipeline and increased renter demand is drawing investors to suburban Boston apartments.
Affordable Self Storage in Bothell sells for $6M
The Denver hotel market remains strong despite influx of hotel rooms.
More municipalities are banning self-storage. That might be OK in the short term.
Some New York-based investors are venturing outside of their hometown for the first time because of new rent control laws, and many are landing in Philadelphia.
Continued renter demand should fuel another good year for multifamily property owners in San Francisco.
About 9,900 apartment units will be delivered in 2019, but the vacancy rate continues to fall and rental rates are still rising.
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