The multifamily housing market stands out for its relative stability in a housing market marked by rising interest rates, pent-up demand, limited inventory, and regional peculiarities. Demand for all classes of multifamily units continues to increase, with strong rent growth among the highest-level classes and overall vacancy rates holding steady at about 5 percent, according to Fannie Mae.
Like the overall real estate market, new construction and properties in planning lag far behind the growing demand. Most new multifamily projects are high-end developments in or near major metropolitan areas. This imbalance heightens interest in available properties–among both renters and investors–and offers opportunities for those with the experience and vigilance to navigate an increasingly competitive market.
Click here to read the full article of considerations at play by CEO & Managing Partner Gideon Pfeffer on Inc.com to learn more about the current multifamily housing market.
For a comprehensive list of Gideon’s articles published on Inc. Masters, click here.
