CBRE Econometric Advisors’ latest long-term outlook for U.S. multifamily rental housing indicates the net gain in occupied units—from 15.4 million in Q2 2020 to 17.4 million in Q2 2030—represents an 11.6% demand increase in the 66 metro markets.
The new demand will bolster multifamily’s dynamic investment environment and create new opportunities for buyers of all types. It will create significant opportunities for developers. Steady increases in demand over the decade will generate revenue for large-to-small multifamily property owners across America.
The outlook assumes tepid market demand into early 2021; a year of recovering demand following that, and steady gains thereafter. The favorable long-term outlook should help owners and operators to weather the current storm, knowing that the sector’s COVID-19 challenges will be relatively short term and more promising conditions should be sustained after that.
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