What we’re seeing on a national basis is multifamily absorption remaining at robust levels, but a roughly equal amount of supply additions, Ten-X Research’s senior quantitative strategist Chris Muoio tells GlobeSt.com. According to the firm’s February Nowcast, the apartment sector once again recorded the strongest growth among all five CRE sectors, as pricing gained 1.4% in February. The sector has been a consistent standout of pricing strength, and is now up 16.6% over the past year.
Read more...The Dynamic Between Apt. Supply and Rent Growth | GlobeSt.com
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