Q1 Data Recap | Multifamily Advisors
Hey there!
You know, the multi-family real estate scene in Columbus, GA has been on the rise lately. It’s mostly thanks to a boost in job opportunities and a growing population. So, of course, everyone’s scrambling to find rental properties, which means builders are busy constructing new apartment complexes and fixing up older ones.
Columbus has a pretty diverse economy, with jobs in healthcare, education, manufacturing, and even military operations. Big employers like Aflac, TSYS, and Columbus Regional Health call the city home, providing stable work for locals.
But that’s not all! Columbus is also becoming a hub for technology and startups. More and more companies are setting up shop in the city, bringing in high-skill jobs and attracting young professionals and entrepreneurs who want stylish housing.
So if you’re an investor looking to dive into the multi-family real estate market in Columbus, GA or expand your current investments, now’s the time! Just make sure you do your homework and due diligence before making any decisions.
And hey, our team of multi-family advisors is here to help you make the most of these opportunities.
The Multifamily Advisors with NAI G2 Commercial Real Estate
1Q23 Multifamily Market Report
Columbus, GA Multifamily Market Report
Market Data
Sales Data
Columbus 66 Door SFR Portfolio Sales Price: $4.8 mil
Price/ Unit: $61,742 Total units: 66 Date Sold: March 2023
4656 Lamore Street, Columbus, GA Sales Price: $480,000
Price/ Unit: $40,000 Total units: 12 Date Sold: March 2023
Forecast
Columbus has experienced a notable decline in sales volume from previous quarters, while the market sales price per unit has experienced a consistent upward trend during the same period. Forecasts indicate that this pattern is expected to continue.
Financing Updates
*as of 4/5/2023
What’s in the News?
FDIC Selects Newmark to Sell $60 Billion in Signature Bank Loans
The process will involve the bank’s entire real estate holdings, including $15 billion in multifamily.
