July 29, 2024

The multifamily market saw continued stabilization, a narrowing of spreads, moderate going-in cap rate decreases, as well as some changes in rent growth assumptions according to CBRE’s recent Q2 2024 Prime Multifamily Underwriting Survey. Phoenix and Washington D.C., saw reductions in unlevered IRR targets. Austin continued its streak of boasting the lowest underwriting risk requirements, while Dallas saw exit cap rates increase.    More