Multifamily Rides the Wave of Economy and New Occupants
NEW YORK CITY—In many respects, the national multifamily market is a story of bifurcation. As Institutional Property Advisors’ Midyear Investment Forecast points out, the class-A sector is hot, and the report is awash in adjectives such as exceptional, record, attractive and stable. IPA is a division of Marcus & Millichap.
But as IPA SVP and national director Jeffery J. Daniels tells GlobeSt.com, rising housing affordability issues remains problematic, an issue that extends far beyond the reach of the development community. But first, the good news: