Levin Johnston Featured in GlobeSt
Palo Alto’s Still Got it for Multifamily Investors
PALO ALTO, CA—This city’s investor demand is driven by strong employment fundamentals and low vacancy levels. In fact, job growth in Santa Clara County is projected at 38.2% in the 20 years from 2005 to 2025, which is higher than the surrounding Bay Area projections due to the high-tech punch of firms such as Tesla, SAP, VMWare and Hewlett Packard, for starters.
This bodes well for the multifamily acquisition climate. While it is true that the local multifamily market is tightening, a recent $16.8 million acquisition located at 283-301 and 327 Curtner Ave. proves that value-add opportunities are still available for multifamily investors in this region.