The National Real Estate Investor annual survey indicates the strength of multifamily markets up and down the west coast has garnered favor with many players in commercial real estate.
The survey results state that fundamentals of multifamily are steadily improving and investment sales remain robust. Exclusive research by NREI indicates the market is likely to stay the course for at least another 12 months.
Favored investment type
Apartments remain the #1 favored property type among commercial real estate investors, with industrial a close second.
Buy or sell in 2018?
More survey respondents plan to buy multifamily than hold or sell in 2018.
Cap rate outlook?
Respondents said they expect cap rates to increase in 2018.
New construction
55% of respondents said there was "too little or "the right amount" of new construction taking place right now with only 36.5% saying there was "too much."
Read more details in the full survey results here.
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