Multifamily properties are expected to experience a sharp decline followed by a fast recovery through 2020, according to a report by CBRE.

CBRE’s economic advisers predict the multifamily market will reach its bottom in the fourth quarter of 2020 and begin recovery in the first quarter of 2021. Vacancy will rise to 7.2 percent by the end of 2020, which is a full 3.1 percentage points higher than the end of 2021.

Pearl Wu

Pearl Wu is the editorial Recognition Desk Manager at ALM Media.

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