June 6, 2023
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Multifamily vacancies will see a market shift
The dynamic duo of tamped down vacancies and negative absorption are signs of the stabilization of the U.S. multifamily sector. What’s more, these trends are expected to stay on course this year. By comparison, in Q1 2023, there was an uptick of 30 basis points quarter-over-quarter in the overall multifamily vacancy rate. It fell short of the pace of the 70-basis-point jump in Q4 2022 or the spike of 90 basis points in Q2 2022. More
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Buying strategies that are working for investors in 2023
As the rollercoaster year 2022 came to an end, many investors approached 2023 with hesitation due to high list prices, uncertain cap and interest rates, and inflation driving up operating costs. Market conditions have not been ideal, both for buyers and sellers. In fact, Tyler Bynum, vice president of multifamily investment sales at Worldwide Commercial, More
