Wednesday, June 17, 2015

No Surprises Here: PSU Center for Real Estate's Spring 2015 Report

The PSU Center for Real Estate released its Spring, 2015 Multifamily Report this week. It's a nice summary of data reported here over the first few months of this year.

Particularly interesting statistics on multifamily transactions were the following based on sales through March 2015:

  • Average price per foot: $126 
  • Median cap rate: 6.37%
  • Median gross rent multiplier: 8.46
  • Median price per unit: $94,243