Archive for August, 2019

Aug
29

Thinking About Appealing Your Taxable Value?

Posted by: | Comments Comments Off on Thinking About Appealing Your Taxable Value?

appeal approvedReassessment notices from Richland, Horry, Berkeley, Dorchester and Florence Counties have either been mailed or will be mailed soon. Contact me if you need assistance with deciding if an appeal of a commercial or high-value residential property is warranted.

Knowing your property taxes are too high is one thing, proving it is another…..

Michael Dodds, MAI, CCIM      mdodds@irr.com

 

Categories : South Carolina News
Comments Comments Off on Thinking About Appealing Your Taxable Value?
Aug
28

Raleigh Apartment Vacancy at Historic Low

Posted by: | Comments Comments Off on Raleigh Apartment Vacancy at Historic Low

real data LogoAccording to Real Data, demand for apartments in the Raleigh-Durham metro area remains strong, squeezing the average vacancy rate to a historic low of 4.9%. New development in the pipeline continues to grow, with more than 11,000 units currently under construction or proposed throughout the area. The most active submarket is Wake-Central, which includes downtown Raleigh, where there are nearly 2,000 units under construction.

Rent growth for apartments also remains strong, with the average rental rate now at $1,210 per month. Wake-Central has the highest average rent at $1,306 per month. The average vacancy rate is expected to remain between 5.0% and 6.0% in the coming year and rent growth is expected to remain strong.

Categories : Raleigh
Comments Comments Off on Raleigh Apartment Vacancy at Historic Low
Aug
28

W. Columbia Self Storage Facility Sold

Posted by: | Comments Comments Off on W. Columbia Self Storage Facility Sold

eagle storageA two-property portfolio located in West Columbia, SC, was sold in late July to an out of state investment firm. The buyer formed an LLC for the purpose of acquiring the facility.

Eagle Self Storage consists of two facilities located about 3/10 of a mile from each other. The facilities feature a combined 337 self storage units and 35,625 RSF, situated on 5.31 acres with room for potential expansion or parking. Amenities include lighting, fencing and an office.

Categories : Columbia
Comments Comments Off on W. Columbia Self Storage Facility Sold