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Rent Growth: Tenants Pay More to Live Near Their Favorite Grocery Store
Episode 965
Published 5 years, 6 months ago
Description
The presence of a Whole Foods on the ground level of an apartment building provides a big bump in rental rates for landlords. There's a new study that shows renters will pay a premium to live so close to a high-end grocery store. The so-called "premium grocer effect" also applies to single-family neighborhoods with an impact on home prices and equity, if there's a favorite grocery store nearby. www.NewsForInvestors.com