2011 was Year of the Apartment, statistics show

2011 was Year of the Apartment, statistics show

By Doug Sword via The Herald Tribune
Published: Thursday, October 4, 2012 at 4:13 p.m.

We sell apartments – NAI Manasota and Sean Dreznin

There is mounting evidence that 2011 was the Year of the Apartment in Southwest Florida.

In the wake of the economic downturn, the number of households in the area shrunk, as young adults moved back home and more people moved in with roommates.

Households shrunk by 5,000 in Sarasota County and 2,000 in Manatee County from 2007 to 2010.

But that trend turned with a vengeance last year, with households jumping from 163,000 to 173,000 in Sarasota County and from 126,000 to 134,000 in Manatee County, and apartment vacancies shrunk, a Herald-Tribune analysis of U.S. Census data shows.

To be sure, there is wiggle room in those numbers showing a collective 18,000 new households. The Census, for example, surveys roughly one out of every 65 households in Sarasota County each year. But even assuming the biggest range for the margin of error in the survey, the county’s households grew by at least 1,400 last year and may have grown by even more than the Census’ 10,000 estimate.

For Full article, CLICK HERE <—-======

Advertisements

Leave a comment

Filed under Commericial Real Estate Articles & News, Investment Real Estate

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s