Latest Multifamily Trends

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

Finding the right site — The Southeast is a hotbed of population growth and multifamily demand, but not all projects will work. What local market conditions are critical for success in today’s economic environment? More

RentCafe, an organization that closely monitors rental real estate, has published an end-of-year report that gives further insights into how the rental market changed in 2023. Compared to 2022, this year saw more growth and stability in certain markets. More

Next year will certainly be an interesting year for the multifamily sector, according to Logan King, director of Investments at CP Capital US. Real estate remains a great diversification and inflation hedge for any investor’s portfolio, but multifamily in particular is the most liquid of the property types and very resilient given that housing is a core necessity. More

While multifamily development faces challenges — from widespread labor inflation to high interest rates — construction projects continue to persevere.  To combat these challenges, developers have focused on projects with strong value-add returns and partnerships with nonprofits and government agencies.  Luxury Class A multifamily communities rich in remote working amenities and affordable housing developments are More

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

The student housing market is red-hot and those in the know say the sizzle is not done yet. According to Yardi Matrix, student housing had its best year on record in 2022, with some 48% of beds in 200 schools tracked by Yardi already leased for fall 2023. Even though climbing interest rates have cooled More

The multifamily market continues to hold its own, and even thrive in the current volatile economy, and one increasingly important factor in that success seems to be community amenities. With single-family home prices and interest rates still at historic highs, it’s not surprising that more than 44 million American households are rental households, according to More

As is often the case these days in a volatile climate, the short answer is, “it depends.” More specifically, what can be expected for the next 18 to 24 months regarding acquisition volume, pricing and cap rates; how does one maximize a sale in the current environment; when do values become unsustainable; and is the More