Low vacancies, rising rents attracting investors to workforce housing

LOW VACANCY RATES and above-average increases in rent are making workforce housing an attractive option for investors, according to research at CB Richard Ellis. / COURTESY CB RICHARD ELLIS
PROVIDENCE – Workforce housing, defined as rental communities that are affordable for low- to median-income workers, has outperformed the multifamily market for the past four years, according to research at CB Richard Ellis. The segment has relatively low vacancy rates and above-average increases in rent, which is making it an attractive option for investors. CBRE…
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