Even as multifamily remains the strongest commercial property sector by a variety of metrics, including investment sales volume, analysts are expecting deceleration in rent growth and, with that, in revenue growth as well. At Reis Inc., for example, chief economist Victor Calanog sums up a 10-basis point third-quarter uptick in nationwide vacancies and “paltry” asking and effective rent growth of 1% and 0.9%, respectively, by reiterating what he’d said in August: “expect a moderation in rent growth” as the market absorbs new supply.
Read more...Vacancy Uptick Seen as Apt. Deliveries Continue | GlobeSt.com
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