Multifamily, which has had a good run in recent years, is expected to keep running a while longer, according to the results of the Akerman 2014 Industry Outlook, which was released this week by national law firm Akerman at its fifth annual Akerman U.S. real estate summit in Miami. The survey is an annual measure of economic conditions, investor confidence, and key market indicators in the commercial real estate sector, reflecting the perspectives of nearly 300 CEOs, COOs, and other top industry executives who attended the Akerman Summit in Miami on March 7.
Among other conclusions about the state of the multifamily business, the survey found that multifamily is expected to be the most active real estate sector this year, followed by industrial, retail, office and hospitality. Multifamily is also expected to be the dominant sector for foreign investment, with the majority of capital coming from Europe, followed by office, hospitality, retail and industrial.
Read more...CRE Execs Mostly Optimistic About MF | Multi-Housing News Online
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