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WASHINGTON, DC—Multifamily buyers will be out in force in 2020, according to a recent survey from Capital One. It found that 74% of multifamily professionals expect they will primarily be buyers rather than sellers while just 19% saw themselves primarily being sellers in the year ahead. Respondents also indicated that rent control and continued legislative pushes around affordable housing would significantly alter their investment strategies.
The survey of more than 100 multifamily professionals, which was taken at the GlobeSt. Apartments Conference in late October, also identified secondary or tertiary markets as the areas for greatest opportunity in the year ahead. Forty percent of participants responded as such, with 22% noting urban markets presented the strongest opportunity and 15% saying so for suburban markets. In keeping with the previous year’s survey results, only 9% of multifamily professionals surveyed predict less opportunity in 2020.
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Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
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