In its December 2018 multifamily report, Yardi Matrix theorizes that the multifamily asset class could be on a trajectory much like hotels, which have had nine consecutive years of above-trend revenue growth. “Hotels benefit from business profitability and travel, but also from lifestyle changes that lead individuals to spend more on experiences,” the report said.
So it goes with the multifamily sector, which just wrapped up its eighth straight year of robust performance. It is an impressive record but it also leads to the question of just how long this cycle can go.
Read more...Here's Why the Multifamily Cycle Still Has Room to Run via GlobeSt