Apartment construction heats up in Folsom, other markets

Apartment construction in the Sacramento region is still lagging relative to both demand and other markets.

The most recent report from Yardi Matrix, for example, found newly completed apartments still accounted for less than 1 percent of the inventory overall.

But in certain preferable submarkets, such as Folsom, multifamily developers are ramping up. There, the demographics suggest building a new project is economically justifiable because residents can afford the rents the developer wants to make the project profitable.

Read full article: bizjournals.com/sacramento

Ben van der Meer | Staff Writer | Sacramento Business Journal
June 21, 2018