Mar 01, 2017 - 0 Comments - Multifamily Property -

Video: Dr. Victor Calanog, Chief Economist & SVP at Reis, On 2016 Q4 Multifamily Market Trends

Reis Chief Economis and Senior Vice President Victor Canalog, PhD, provides an analysis of market fundamentals in the apartment/multifamily sector for the fourth quarter and year of 2016.  Some highlights from this video include:

  • During 2016, vacancies declined by only 0.1%
  • 200,000 New units came online
  • Asking and effective rent both grew by 5.8%
  • Concessions have made their way back into markets in the face of new competition
  • The trends for the next 5 years are expected to be weaker than past 5 years for multifamily properties
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