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Commentary

Multifamily Demand Will Still Outweigh Supply in 2017

NEW YORK CITY—Capital One recently surveyed multifamily industry participants at the RealShare Apartments conference to assess market sentiment for the coming year and learns that while many industry participants believe that demand is running ahead of supply, the general sense is that the market will tighten somewhat in 2017.

Ben Stacks, SVP and NYC area market manager at Capital One. Ben Stacks, SVP and NYC area market manager at Capital One.

NEW YORK CITY—For the past several years, Capital One has surveyed multifamily industry participants at the RealShare Apartments conference to assess market sentiment for the coming year. Starting last year, the firm began using the survey as a platform for blog posts from our senior bankers, who explain the implications of the findings and also add their own perspectives on the coming year. This year, the firm’s Ben Stacks, SVP and NYC area market manager, discusses one particular question in the survey that perfectly captures the moment for the multifamily market—“What will the balance be between supply and demand in the coming year?” Attendees at the 2015 conference believed that demand would outweigh supply by 15 percentage points in 2016.  For 2017, that margin dropped almost in half.

The views expressed in the commentary below are Ben Stacks’ own.

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Natalie Dolce

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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