Propensity to rent, improving job economy and new development deliveries in the U.S. combined to drive the largest full-year multifamily investment total since 2007, according to the latest research from CBRE.
Total investment volume in U.S. multifamily properties totaled $106 billion in 2014, a 7 percent climb over the prior year and surpassing the prior peak of $105.1 billion set in 2007. Multifamily is the first property sector to return to 2007 sales levels with this milestone.
The year closed with a very active quarter for multifamily property investment, in terms of sales volume. In Q4 2014, U.S. multifamily sales volume reached $34.1 billion—10 percent higher than the year prior—setting a new quarterly investment record.
Read more...U.S. MULTIFAMILY INVESTMENT SETS RECORD-BREAKING YEAR
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.