Orange County Multifamily Market Outlook

Local commercial real estate professionals highlight four trends for the Orange County multifamily market in 2024. Vacancies are expected to rise slightly to 4%, still lower than the national average. Class A properties face supply pressure, while Class B and C properties struggle with affordability. Investors are advised to consider flexible loan options due to uncertain interest rates. Property owners are dealing with higher expenses, particularly in insurance costs. Creating accessory dwelling units can help increase cash flow in areas like Orange County with high demand from renters.

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