Rent Growth: Tenants Pay More to Live Near Their Favorite Grocery Store


Manage episode 273124473 series 2394432
By Kathy Fettke: Real Wealth Network and Kathy Fettke - Real Wealth Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
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.

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