thufsday, September 18, 1975
daily nebraskan
page 3
ent increase pre
dieted
By Liz Crumley
A rent squeeze in Lincoln, Neb.? It's
happening nationally, according to econo
mists. And according to seven Lincoln
apafrtment owners and managers ques
tioned, it's starting to happen here.
Occupancy rates have increased because
of a lack of construction, managers said.
Even though rent has not increased greatly
in the past, they said, increased mainten
ance costs will force it up soon.
Five apartment buildings surveyed have
100 per cent occupancy, according to their
- managers. The other two have 99 per cent
occupancy.
Occupancy rates last year, according to
the managers, ranged from 65 per cent to
100 per cent.
Survey taken
A survey of multi-family units indicated
the vacancy ratio in Lincoln on Aug. 9 was
3 pet cent. , '
This compared with a vacancy ratio of
19 per cent in July, 1974 and 6.9 per cent
in January, 1975.
The highest percentage of vacant apart
ment units, 1.9 per cent, was in the central
area of Lincoln, according to the survey.
The lowest percentage of vacant units
was in the northwest, area of Lincoln,
which had no units vacant. There are 354
units in this area.
Market tightens
The survey indicated that many owners
and managers think that the local apart
ment market could become tighter within
the next sixty to ninety days. .; '
One manager said the rent for his
9""
apartments has increased five per cent in
the last four years and probably will go up
in .the near future because of increased
utility and maintenance costs.
Nancy Buxton, manager of Thomas
brook Apts., said the rent for their apart
ments increased $9 recently. She attributed
the rise to increased taxes and utilities, say
ing that they will have .to pay $10,000
more in taxes this year.
According to Lynn Akin, -assistant
manager at Candle tree, there was a $15
increase recently for one-bedroom
apartments.
More increases seen
"If you think rents are high this year,
wait till next year," Gordon Gossman,
apartment owner said.
"The apartment owner is getting the
squeeze. . .apartment rent right now won't
justify the costs. It costs twice as much to
build, but my rents haven't doubled, that's
the problem," Gossman said. . -
All seven managers interviewed attrib
uted the cause of the squeeze to the large
decrease in the construction of apartment
buildings.
In California, Gossman said, it costs ap
proximately $20,000 to build one unit in
an apartment building. The cost of building
one unit in Lincoln, he said, is coming
close to that.
"It costs about $2,000 to $3,000 for
land per apartment unit now," he said.
"If you can get the money to build,
Lincoln would be a landlord's market,"
Akin said.
nrzr
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The Council on Student
'Life (CSL) will meet tonight
at 7 in the Nebraska Union'
Pewter Room. The first half
hour will be open to stu
dents or faculty to present
problems to CSL. The busi
ness meeting will begin im
mediately following.
Students interested in in
terim courses in Paris should
attend a meeting, today at 4
pjn. in Oldfather 1138.
.
A meeting of the Nebras
ka University Public Interest
Research Group (NUPIRG)
is tonight at 8 in the Nebras
ka Union.
The Thursday weekly
luncheons sponsored by the
International Student Union
(formerly International
Club) will resume Sept. 18
at the University Lutheran
Chapel at 15th and Q streets.
Dr. Khigh Dliiegh will be
guest speaker.
Eckankar, a non-profit
religious organization is plan
ning a free introductory lec
ture, tonight at 7 at 640 N.
16th St.
'
Phi U, a home economics
honorary, is meeting tonight
at 6:30 in Home Economics
Bldg. 104. '
The Gay Action Group
meeting scheduled for to
night has been changed to
Tuesday Sept. 23 at 8 pjn.
at Common Place 333 N.
14th St.
...
Students Interested in
working with Outreach tele
phone crisis service may
pick up applications at the
University Health Center
104. Deadline is Sept. 22.
The . African Student
Association is meeting Sept.
20 at 7 pjn. in the Nebraska
Union.
Tassels must turn in foot
ball ticket seat, section and
row numbers to Gina Hills
by Friday. Leave them in
the Tassels office or call
475-3396 or 477-3789.
The Independent Order
of Foresters is sponsoring an
all-aluminum beer can drive,
Sept. 20. for Kidney Dial
ysis Equipment at St. Eliza
beth Community Health
Center. The" drop sites will
be the Hinky Dinky stores
at 25th and "O", 17th and
South, 59th and South.
They will be open from 8
a.m. to 8 pjn.
The Chinese Student
Association is sponsoring a
Mid-Autumn Festival at
Holmes Park, Sept. 20 and
21 at l pjn. Showings of
the Kung-Fu film Dragon
Inn will be held in Sheldon
Art Gallery and the Nebras
ka Union Small Auditorium
at 7:30 pjn. and 10:30 pjn.
",
ASUN needs to make
two appointments to ' the
UNL Police Committee,
which compiles codes 'of
ethics and advises the police
chief. Contact the ASUN of
fice for more information.
SATISFACTION. .
Fbd it by vcrktag with residents of
TEE Umm CEHTEB FOB WOfcEFi,
s csrrestbss prtpm,
VOLUNTEERS NEEDED WITH SKILLS IN:
Yoga
Music
, Drama
v Dance
fiSedatation
Recreation
Arts & Crafts
Creative Writing
Organizational Moating Thurs. Sept. 18 8 p.m.
Nabraska Union (Room Posted)
Call tha Student Y for dtaili, 472-2534
CSL meeting tonight
The Council on Student
Life will meet tonight at 7
in the Nebraska Union
Pewter Room.
Agenda
1. Approval of minutes of Sep
tember 11, 1975, meeting,
2. ASUN report on choice of
member to CSL. .
3. Report of ad hoc group on
how student fees relate to
credit hours.
4. Report of ad hoc group on
policy concerning lost foot
ball tickets.
5. Approval of appointments
to CSL committees.
6. Discussion of Housing Study
task force.
LJ
Please help us
s 103 to 752
Osen 8-5, Monday - Saturday
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Editor-in-chief: Rebecca Brite, News Editors: Randy Gordon
and Lori Demo, Managing Editor: Stan Linhorst, Associate News
Editor: Gina Hills, Layout Editor: Michele Schmel, Night News
Editor: John Kaikowski, Arts and Entertainment Editor: Robert
Thurber, Sports Editor: Larry Stunkel, Third Dimension Editor:
Vince Boucher, Photo Chief, Ted, Kirk, Business Manager: Jerri
Haussler, Advertising Manager: Mary Ann Myers, Production
Manager: Kitty Policky.
Second Class Postage paid at Lincoln, Neb., 68583.
Address: The Daily Nebraskan, Nebraska Union 34, 14th and R
, streets, Lincoln, Neb. 68508. Telephone: (402) 472-2583.
Copyright 1975, the Daily Nebraskan. Material may be reprinted
without permission if attributed to the Daily Nebraska), except
material covered by another copyright.
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Don't just sit there with
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