Reports show rental cooloff for Silicon Valley

By Real Estate February 6, 2017

According to a recent report by the UCLA Anderson School of Management, demand for multifamily housing in the South Bay appears to be beginning to wane. Developers are poised to pull back on new developments, particularly on higher end apartment construction, given the perceived pull back in demand. Non-luxury multifamily housing, however, is still in high demand throughout the South Bay and the Bay Area as a whole. The article also notes that there may still be opportunities for developers of lower cost apartment buildings given the constant demand for Class B and Class B multifamily housing.

 

 

Read the Original Article Here: Reports show rental cooloff for Silicon Valley

About the Author
Adam Ettenson, Broker / Owner

Adam’s real estate experience encompasses residential sales, renovations, real estate development, property and asset management, and multifamily investment acquisitions. He has helped countless clients buy and sell property throughout the Bay Area, including in San Francisco, Marin County, Alameda County, San Mateo County, and Santa Clara County. He has overseen the condo conversion and major renovation of a two-unit building, and has worked on several affordable housing residential development projects with budgets exceeding $20 million, helping low-income families secure safe, affordable housing. He is currently working on a project that entails adding a condo unit to an existing building as well as a major horizontal expansion and renovation, increasing the total square footage to approximately 1500 square feet. Prior to working in real estate, Adam practiced immigration law and real estate law. His extensive background as an attorney and his broad real estate experience allow him to faithfully advance his clients’ interests in both the purchase and sale of real estate. Adam’s clients benefit from strong negotiation skills, contractual expertise, and deep knowledge of local rules and regulations.