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Demand for Workforce Housing to Remain Strong in 2019

March 29, 2019

Strong demand for workforce housing should continue in 2019, boosting investment in the sector, according to industry experts.

As the unemployment rate keeps falling, new households form, boosting demand for apartments, particularly for workforce housing, as it offers inexpensive housing options, according to John Sebree, director of the national multi housing group with brokerage firm Marcus & Millichap. For this reason, investment in workforce housing will remain one of the more attractive strategies in 2019, according to Christine Espenshade, co-head of the multifamily investment sales platform with real estate services firm JLL.

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