The Growing Sector of Multi-Family Real Estate
Did you know multi-family real estate is one the fastest-growing sectors in the country right now? In fact, investment hit a record $43 billion in the fourth quarter of 2015, and multi-family units now account for more than one-third of all new housing.
Shifting lifestyles in the U.S. have sent demand for rentals through the roof. America’s rental population is expected to grow by 4.2 million people between 2015 and 2025, according to a recent Harvard study.
Top three reasons why multi-family housing is hot:
- Demographics. The number of young adults (20-34) is rising.
- A major change in attitudes about how we live. Many desire a walking-based urban lifestyle.
- The real estate collapse of a few years ago left some cautious at the thought of home ownership.
Multi-Family Real Estate in Central Indiana
Moreover, did you know Indianapolis was recently called “one of the best new boom towns in the U.S.” by Forbes and an “emerging hotspot” by Newsweek? Yes, Indianapolis! With numerous locally-authentic urban areas, Empty-Nesters, Baby Boomers and Millennials are leading the return to walking-based lifestyles in a highly livable metro area.
At the core of so many Central Indiana urban living areas is vibrant and convenient living. Multi-family construction plays a large factor in that, and it’s an expertise we are proud to work within daily. From downtown Indy to Carmel, Westfield, Brownsburg, Greenwood and beyond, Greater Indianapolis has counted on Custom Concrete for over 50 years for quality concrete foundations for luxury living, senior living and university living environments.
We may be partial, but we think Central Indiana is one of the most beautiful places to call home, whether single family or multi-family. Some of the best restaurants, performing arts, entertainment, sports, museums, waterways and parks are in Indy. How could it not be a hotspot?!
Explore our multi-family project portfolio.