Class B Apartment Rental Rates in Wichita Expected to Rise in 2019

National Real Estate Investor recently ran this article about multifamily rental rates. The NAI Martens multifamily team of Jeff Englert and Nathan Farha, CCIM reviewed the article and provided a Wichita perspective. In Wichita, Class B has traditionally been the most stable property class. NAI Martens’ most recent multifamily update reported that in 2018 Class B rental rates increased across the board, with the exception of two-bedroom rents, with an overall average Class B rate of $0.79/SF. For 2019, Englert and Farha are predicting that Class B rents will continue…

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