Multi-Family Market Outlook Mixed
Allen Matkins/UCLA Anderson Forecast California CRE Survey
2.13.19
The multi-family market sentiment is decidedly mixed. In the Bay Area over the next three years, occupancy rates are expected to creep down and rental rates are expected to outpace inflation. Three quarters of our panelists plan on starting new Bay Area projects in 2019 and over half expect to start multiple projects. However, the expected slowing of job growth coupled with new building signals the end of increasingly tight Bay Area housing markets.
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