According to the National Association of Realtors® quarterly commercial real estate forecast, all of the major commercial real estate sectors are seeing improvements in 2012, but multifamily housing is becoming a landlord’s market commanding bigger rent increases.

The apartment rental market – multifamily housing – is predicted to see vacancy rates drop from 4.7% in the first quarter to 4.5% in the first quarter of 2013. Multifamily vacancy rates below 5% are generally considered a “landlord’s market,” with demand justifying higher rents.

After average apartment rents rose about 2.2% last year, they expected to increase 3.8% in 2012 and another 4.0% in 2013.

So obviously, NOW is the time to invest in multifamily housing. Call Jill Claypool at 630-303-4730, e-mail her at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to find out how we can help make that dream come true.