What’s Fueling Sales in the Multifamily Market
As a Commercial Investment Broker, I hear it all the time: “Why should I invest in rental property in Silicon Valley? The prices seem high, the rents low, and I can get better returns in other parts of the country!”
Perhaps you’ve said this yourself and then, like so many others, went on to purchase property locally. What gives? Why would seemingly rational people who have a grasp of investment fundamentals, purchase in an area that has been repeatedly called some of the most expensive real estate on the planet?