Defining The Decade In Commercial Real Estate: Part 1
For commercial real estate, a decade is an eon, and that is plenty of time for change in the industry. But with their beginnings in the Great Recession and their consistent, slow growth trajectory, the 2010s have brought some fundamental, lasting changes to commercial real estate.
Some sectors have felt it more than others. The multifamily sector has evolved from an also-ran to single-family housing in the minds of Americans to the darling property type of the decade — in demand, but also a market bifurcated like never before into Class-A and everything else.