Multifamily Forecast for 2023: Cautiously Positive
Stakeholders in the multifamily market discussed their expectations for the upcoming year at the CREFC (Commercial Real Estate Finance Council) January Conference 2023, among other things. Despite the anticipated recession, most people seemed cautiously optimistic, and the outlook was not particularly gloomy. Belsky’s research into the multifamily sector supports this viewpoint. What is the top investment option? Multifamily continues to be the top investment option for capital still looking to invest in commercial real estate. A nationwide housing shortage and rising single-family home ownership costs are favorable factors for multifamily housing. Rental rates increased in 2022 despite a slowdown ...
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