Before the pandemic struck, the multifamily market suffered from a severe supply-demand imbalance that fueled an affordability crisis both nationally and in states like California. Nothing has changed. The supply-demand imbalance remains, and the pandemic has only exacerbated the problem. As a result, multifamily remains an attractive investment bet.

“Multifamily has long been a favored asset class, in large part because of an extreme supply/demand imbalance. The home ownership rate plummeted—from about 69% to 64%—since the Great Financial Crisis causing millions of American homeowners to rent,” Mitch Siegler, senior managing director and co-founder of Pathfinder Partners, tells “The Millennial generation, now larger than the Baby Boomers, enjoys mobility and prefers renting to buying. Many in this cohort have high student debt, pressuring their ability to assemble a down payment. These supply-demand dynamics remain in place and, to some extent, have been exacerbated by the pandemic.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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