Investors in the overall commercial real estate market are proceeding with more caution on new investments in the third quarter of 2017, according to real estate investment and advisory firm Marcus & Millichap. The third-quarter NREI/Marcus & Millichap Investor Sentiment Survey shows a gradual cooling trend in commercial investor sentiment. The investor sentiment index fell to 150 this quarter, down from 153 in the fourth quarter of 2016.
In the multifamily sector, sentiment about apartments has eased among investors in the past year, despite strong demand for multifamily units and strong fundamentals.
Read more...High Construction Volume Softens Multifamily Investor Sentiment | Multifamily Executive Magazine