Q1. What is the most significant issue facing your market? Q2. Has the upward trend in rents begun to level out in your market? Q3. What is your outlook for rents, land values and yields for the balance of 2023?
Q1. What is the most significant issue facing your market? Q2. Has the upward trend in rents begun to level out in your market? Q3. What is your outlook for rents, land values and yields for the balance of 2023?
“For the balance of the year, I think land values are going to stay high. There’s just no supply in the pipeline coming in to the market, and because of that, we’re really going to see land values continue to grow.
Yields are going to go up in the future even more than what they already have, particularly for properties worth more than a million dollars.
These tend to be properties that are leveraged; and with current interest rates and where they are, I just can’t see them going backwards again anytime soon. ”
