The past few years have been extremely favorable to the multifamily market. Developers are building apartments to catch up on a lull of construction over previous years in a race to complete projects and capitalize on continuously rising rents. Investors are aggressively seeking opportunities to purchase multifamily properties, specifically core and value-add assets in top-tier markets, pushing cap rates as low as 4%.
Yet what remains to be seen is whether the “darling” of the commercial real estate industry will remain so, or whether the market will experience flattening or even a slight cooling in the coming year.
Read more...What’s Ahead for Multifamily in 2017 | Multifamily Executive Magazine | Capital Markets, Apartment Trends, Economic Conditions, Multifamily, Forecast, Investing, Rent Growth, Class B Properties, Franklin Street