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In supply constrained major metro markets with large employment bases, there’s always a strong rental market of young professionals who crave quality amenities. After the first Covid waves, we’ve seen rents come back in major metropolises and even exceed what they were pre-pandemic. Although there can be more brain damage dealing with challenges like regulations in these markets, prices have moderated and there are great buying opportunities for buildings with under market rents. Arie Van Gemeren, Principal and Founder of Lombard Equities, is buying older buildings in the urban cores of the Bay Area and the Pacific Northwest with almost no downside risk and great long-term potential.
