Jan 23, 2018
Seven predictions for 2018 multifamily market
U.S. – “The reality is multifamily going into 2018 is going to be a lot of the same,” says John Sebree, first vice president and national director of the national...
U.S. – “The reality is multifamily going into 2018 is going to be a lot of the same,” says John Sebree, first vice president and national director of the national multi housing group at Marcus & Millichap.
Here are seven predictions for the national 2018 multifamily market:
- Class A assets will remain attractive.
- New deliveries may carry over into 2018.
- Both vacancies and rents may continue to inch up.
- New product starts may moderate.
- The “flight to quality” will continue.
- Houston, Manhattan, Orlando, Fla., Philadelphia and San Jose, Calif. are markets to watch, according to RealPage.
- The gap in affordable housing left by the U.S. Department of Housing and Urban Development will not close.
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