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Before the pandemic, multifamily investment had been approaching a peak after a decade of expansion. In some markets, there was looming concern of a supply bubble and rent growth was beginning to slow to a crawl. After the disruption from COVID, there is now renewed enthusiasm for multifamily.

“There wasn’t a primary concern that we were in a supply bubble, but I think that there was concern in certain submarkets that you might see some occupancy slippage,” Blake Okland, head of multifamily and vice chairman at Newmark, tells GlobeSt.com. “There was a certain level of awareness. A year-and-a-half ago, there was a blinking light on some of these submarkets. Now, they are bursting at the seams.”

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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 GlobeSt.com 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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