Attention multi-family investors!
If you want minimize vacancy, invest in property near the Septa grid. Multifamily developers have taken note of the American Public Transportation Association's (APTA) findings that large corporations gained a competitive advantage by locating in areas with both shorter commute times and multiple modes of transportation nearby, according to an update from Integra Realty Resources and the Pennsylvania Apartment Association. In 2015, about 61% of public transit users commuting to work nationally were renters.
Nationally, nearly 66,000 units, or 21%, under construction with 2017 delivery dates, are "transit-oriented," defined as being within a one-quarter mile radius of a public transit rail station. The percentage is more than double the share of five years ago.
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