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Multifamily News Roundup – March

IMG’s principals share a curated collection of recent headlines to help you understand what’s happening in today’s multifamily industry, illuminating the latest trends and pivotal developments in the market.

IMG’s investment markets sited in CBRE’s 2024 Most Attractive Markets for Multifamily Investment.

Multifamily Investors Plan to Transact More Soon
GlobeSt
By Richard Berger

The CBRE’s 2024 Global Multifamily Investor Intentions Survey indicates a strong inclination towards increased multifamily purchasing activity. Despite challenges with high interest rates, tight credit availability, and softening fundamentals, investor sentiment remains upbeat. Read more

 

Rents Rise Slightly, Ending 7-month Decline
Multifamily Dive
By Mary Salmonsen

The national average rent increased slightly in February, marking the first rise in seven months, with year-over-year growth remaining at 0.6%. The Sun Belt is experiencing declining rent growth due to an influx of new supply. Demand for apartments in these markets remain robust, indicating resilience despite the current challenges. Read more

 

Renting Will Be Cheaper Than Buying For a Long Time
GlobeSt
By Erik Sherman

The cost disparity between renting and owning a home significantly increased in 2021, leading many households to opt for renting over buying. CBRE predicts this trend will persist due to factors such as high home prices and interest rates, which will need to fall to narrow the gap between renting and owning. Read more

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