Envy Apartment

Cincinnati—2013 was a good year for the Cincinnati apartment market , as the city experienced an increase in demand thanks to improving employment , income growth and a swelling millennial population . According to Marcus & Millichap, 600 apartments were delivered last year, vacancies dropped to 4.5 percent—the lowest year-end level in years—and average rents were fast approaching $800 per month. And the commercial real estate brokerage firm expects Cincinnati ’s apartment market to perform the same this year. Forbes recently reported that Cincinnati is the third most affordable city in the United States. Although the median price for a new home in the area was set at around $133,000, the rental market was still the top performer last year. And apartment rents are expected to continue to increase in 2014, for the fifth consecutive year. All of this is thanks to the growing population of young professionals. Cincinnati’s 20- to 34-year-old population, with its live-work-play lifes...

Las Brisas affordable -housing community contains approximately 160 rental units , varying in size and number of bedrooms.</strong>" title="Las Brisas 1" width="400" height="300" class="size-full wp-image-16158" /> Cory Bilicko/Signal Tribune Signal Hill’s Las Brisas affordable -housing community contains approximately 160 rental units , varying in size and number of bedrooms. Nick Diamantides Staff Writer Approximately five years after the completion of the Las Brisas affordable -housing community in Signal Hill, programs offered at the site are still succeeding in improving the lives of the people who live there. The project was developed in two phases under the auspices of Los Angeles- based Abode Communities with funding from the now- defunct Signal Hill Redevelopment Agency , as well as financial assistance from other public and private sector entities . According to Robin Hughes, president of Abode Communities , Las Brisas c...