SANTA BARBARA, Calif.--(BUSINESS WIRE)--Is the multifamily market past its peak following retrenchment in 2017 and destined for a correction? Or does the sector bull run still have steam? A new market outlook report compiled by Yardi® Matrix concludes that growth will continue, albeit at a tepid pace, for the next 18 to 24 months.
“On a big-picture basis, demand for multifamily shows no signs of slowing,” the report says, citing the growing 20-to-34-year-old renter cohort, downsizing retirees, a moderate economic growth forecast and anticipated delivery of 360,000 new units in 2018.
The full report, one of three U.S. multifamily outlook reports that Yardi Matrix prepares annually, is available here.
Yardi Matrix is a business development and asset management tool for investment professionals, equity investors, lenders, and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, industrial, office and self storage property types. Email firstname.lastname@example.org, call 480-663-1149 or visit yardimatrix.com to learn more.
Yardi develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.