Multifamily investment in Q1 hit an all-time high, accounting for the strongest first quarter on record and increasing 56% year-over-year to $63 billion.
That figure brought the trailing four-quarter total to $374 billion, according to research from CBRE. The sector accounted for 37% of total commercial real estate investment volume in the first quarter, followed by office at 21% and industrial at 20%.
"Strong investor appetite compressed the average multifamily cap rate to an all-time low—a trend that most benefited the red-hot Sun Belt markets," CBRE experts noted in the report.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
