Multifamily Housing Market Analysis —In an interview with Lisa Brown, an editor for GlobeSt.com, I review the fundamental forces in the multifamily housing market, and offer my take on how each might be shaped by the current coronavirus pandemic. In way of brief summary, there are many positives for the multifamily sector:
- We expect tenant turnover to decrease quickly; intensive capital cost of securing new tenants will dissipate.
- Moratoriums on new construction will keep vacancy rates low.
- The sector will remain a solid investment for pension funds and REITs regardless of market volatility.
While the sector remains in good standing as a whole, market forces are specific to different classes and geographic locations. For an in depth review, you can access the full article on GlobeSt.