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.
February 21, 2020
Short-term rentals and co-living are continuing to gain popularity, growing far beyond their origins as niche and need-based alternatives to traditional housing options. All the while, the multi-family sector is putting up strong numbers and shows no signs of slowing down.
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