CBRE’s Q4 U.S. Multifamily Figures report shows a sector still impacted by the COVID-19 crisis with average rent declining 1.6 percent for the quarter and 4.2 percent from the fourth quarter of 2019. But there were some bright spots, like Q4 net absorption coming in much higher than anticipated at 55,600 units, and investment volume marking a new quarterly high that indicates overall multifamily fundamentals should stabilize by the second quarter, with steady market recovery expected later in 2021.
Read more...What Q4 Tells Us About the Multifamily Market: CBRE via Multi-Housing News Online
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