Investors should look beyond headlines to find CRE opportunities over the five-year horizon, according to one industry watcher.
"So much depends on each investors' strategy, risk tolerance, knowledge, experience, capital, and geographic focus," says Marcus & Millichap's John Chang. But six key property types pose opportunities for growth for the savvy investor: you just have to know where to look.
Multifamily, which has been on a record tear since the pandemic, saw fundamentals retreat somewhat over the course of 2022, with vacancy ticking up 190 basis points to 4.5% and rent growth slowing. Chang says that trend will likely continue — but says the long-term housing shortage should still bolster demand over the next five years.
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