BOSTON—While investment interest is still very strong in multifamily product and development here, potential warning signs of some markets becoming overbuilt have emerged.
Panelists at last week's RealShare Boston event held at the Omni Parker House related that some multifamily landlords are offering free rent to attract tenants, a sign that the heady days of some niche sectors of the rental apartment market may be slowing.
The Multifamily Focus panel included moderator Daniel J. Bailey III, director of Rackemann, Sawyer & Brewster; Simon Butler, vice chairman/partner with CBRE; Andrew Chaban, CEO of Princeton Properties; Paul Donahue, senior vice president, Bellwether Enterprise; Andrew Gnazzo, managing director, Walker & Dunlop and Tim Thompson, senior manager, Boston, for Marcus & Millichap.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
