According to Marcus & Millicahp a Real Estate Investment Service Company in the Seattle area there is growing confidence in apartments, hotels and even the downtrodden retail sector is helping pull investors off the bench and back into the game. Some 55% of all respondents to a survey conducted by National Real Estate Investor and Marcus & Millichap Real Estate Investment Services believe that now is the time to buy apartments, followed by retail (32%), undeveloped land (29%), hotel and mixed use (26%), and office and industrial (24%). That enthusiasm is even strong among investors who already own apartment properties, with 70% indicating that now is the time to buy. Conversely, only 36% of office owners believe now is the time to buy office properties. Apartment owners also are bullish on rents, with 41% anticipating that rents will increase over the next 12 months.
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