Multifamily Investment Outlook in the U.S.
If you've been thinking about purchasing multifamily property, now could be the moment. As the housing and health-care crises continue to wreak havoc on the economy, investors are vying for a piece of the action. National multifamily investments in the United States grew 56 percent year on year to $63 billion in Q1 2022. This is a 77 percent rise from the peak in 2000. CBRE Real Estate's most recent estimate expects a 7% growth in effective rentals through 2022. According to the research, vacancy rates would remain low until 2022. While vacancy rates increased early in the epidemic, the industry's overall health will result in a record high for the US multifamily market in 2022. This is especially true for urban Class A properties, which were heavily damaged by the pandemic but are projected to recover once offices resume operations. Another asset class to keep an eye on is single-family rentals. Millennials are likely to establish families, which will drive demand for apa