US multifamily investment outlook
Workforce housing in secondary markets is outperforming, while liquidity for institutional-quality assets in urban markets is lower
Multifamily absorption keeps pace with unit completions, allowing fundamentals to strengthen for sixth consecutive quarter.
Building on a record-breaking 2018, multifamily investment experiences its most active start to a year.
Tighter liquidity for core urban assets leads to moderate decline in primary market activity.
Sources of capital
Private investors’ share of acquisitions hits a new high and foreign interest remains strong.
Sources of risk
With completions expected to peak in the coming quarters, select asset types are expected to experience short-term imbalances.