Urban Core, ‘New Normal’ Top CBRE Conference Discussion via Axiometrics

This year’s edition of CBRE’s annual Multi-Housing Conference April 29-30 in Chicago covered a broad range of issues facing the apartment industry. The consensus view among the 500-plus participants was that the market is strong right now, but perhaps developers, owners and investors should start thinking about a cyclical softening in the next few years.

Axiometrics Regional Director Jeff Dowdle and I attended the conference and found our fellow participants enthusiastic about the industry and eager to exchange information, ideas and opinions. The rise of the urban core was one of the hottest topics of discussion.

During a general session panel presentation titled “Sales Trends and Market Fundamentals,” of which I was among the panelists, I said the market is at a place where urban core rent growth is really slowing.

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