Orlando Apartment Market Showing Signs of Slow Growth
Tags: No Tags.Orlando’s apartment market is showing signs of slow growth as the real estate market shifts toward condo and home sales, encouraging both local and international investors to concentrate on new developments throughout the city. The short-term slowdown means that apartment rental rates may lead to reduced rents and other incentives as landlords try to attract more renters. Orlando’s vacancy rate is expected to reach almost 6% by the end of 2007, and the influx of new apartment units may lead to rising trend in vacant units and complexes. Condo conversions are also growing steadily, offering renters a chance to own a home with attractive amenities and services.
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