It's the second most popular U.S. real estate sector with foreign investors, specifically from Canada and Germany. So what's driving interest?
Sean Kane is JLL’s national multifamily research manager who spends time outside hiking, running or cycling. He’s also the world’s best walker according to his dog, Dylan.
Pricing of single-family housing across the U.S. is showing few signs of slowing as we progress further into this cycle. Fueled by shortages of developable land and tight municipal regulations preventing new housing construction, many markets across the country are struggling to build new housing and keep pace with demand.
The multifamily market in Los Angeles has seen consistent investment activity this cycle. More long-term renters and limited inventory of multifamily properties for sale have sustained the sector’s growth.
Transaction activity picked up in Q3, but 2017 is falling short of 2016’s record mark.
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