Job Losses Continue to Challenge Cincinnati Apartment Market

CINCINNATI, OH — Job losses continue to challenge the Cincinnati apartment market, though difficulties have not permeated all areas and property classes, according to a third-quarter Apartment Research Report by Marcus & Millichap, the nation’s largest real estate investment services firm.

White-collar employment sectors, for example, have accounted for only 22 percent of all layoffs in the last year, supporting Class A apartment demand.

“Although apartment transactions continue to be recorded throughout the metro, several factors are limiting activity,” says Joshua Caruana, (top right photo) regional manager of the Cincinnati office of Marcus & Millichap.

For a complete copy of the company's news release, please contact Stacey Corso, Communications Department, (925) 953-1716, stacey.corso@marcusmillichap.com