CRE’s Influencers in . . . Multifamily

This is the web version of a feature that originally appeared in Real Estate Forum magazine. To see the story in its original layout, click here. 

Not to state the obvious, but multifamily is a significant asset class for commercial real estate. Its fundamentals have remained solid, even as the new supply coming on line has helped to tamp down rental rates. For that, we can thank the enthusiastic demand for the apartment living

But multifamily is more than a simple story about supply and demand, rental rates and vacancy levels. It is also about the product and the dynamics behind it, such as that product’s related services and amenities. Not to mention its unique capital market environment; no other asset class has the solid financial backing that Fannie Mae and Freddie Mac provide.