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The Bowery Beat: Issue 02

Multifamily properties had an impressive year despite being in the late stages of an extended economic cycle; however, there are concerns as we look forward towards 2020 and beyond. Economic growth has resulted in wage growth but a lack of affordable housing for a growing cohort of middle-income households has brought about affordability concerns. Investors and developers have positioned themselves by shifting away from Class A units and primary markets.

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