The high-flying apartment sector, which led all other property types in the economic recovery and became the darling of investors, is coming back to earth.
CoStar’s first quarter multifamily review and forecast predicts apartment rents will still increase but at a much slower pace and, in some markets, occupancy rates for multifamily properties will stall.
One factor in the moderating demand for apartments has been a change in homeownership rates.
Read more...First Quarter Performance Shows US Apartment Market Coming Back to Earth - CoStar Group
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