Mid-2022 Forecast for Multifamily Properties

Multifamily Residential Property

Multifamily appears poised to remain on the incline. In fact, real estate broker CBRE expects a record-breaking 2022 for the sector: “We forecast multifamily occupancy levels to remain above 95% for the foreseeable future and nearly 7% growth in net effective rents next year.”  In light of these numbers, I believe that apartment owners and managers of multifamily buildings will likely continue to be rewarded after several difficult years of increased regulation and COVID-19-related hardship.

Make sure to invest in the turns of your vacancies, and don’t be conservative with upgrades. This way, you’ll make sure your properties are earning the highest market rents upon re-renting in rent-controlled environments.