Multi-family Market Outlook - Allen Matkins/UCLA Anderson Forecast Winter/Spring 2015
1.28.15
With employment growth steadily increasing in California, housing demand is creating an increase in multi-family housing development. The San Francisco panel had the highest level of optimism regarding vacancy rates, rental rates and the overall multi-family market.
Higher rents and occupancy rates reflect better returns, which is expected to stimulate multi-family construction in 2016 and beyond. While more units are expected to be delivered in 2015, developers do not anticipate an increase in the number of multi-family construction projects over the next 12 months.
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