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Multifamily Properties All the Rage in Downtown Sacramento

Multifamily Properties All the Rage in Downtown Sacramento

Looks like more and more investors are snatching up multifamily properties in Downtown and Midtown areas of Sacramento. According to the VP of Colliers International, Aaron Frederick, buyers looking for multiple family households have increased significantly.

“I think the one thing we’re seeing is a lot of pent-up demand for multifamily,” Frederick said. “There’s very limited inventory, and that’s translating into very healthy sales.”

So what’s propelling this interest? Well the smaller buyers  can’t compete with big-name buyers who specialize in single-family homes, and there’s also the hope that the new, multi-million dollar downtown arena for the Sacramento Kings will spur the growth of business and retail in the area, which would be great for property values there.

Source: Sacramento Biz Journal

Categories: Featured , Sacramento News

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