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Multifamily Developers Need to Rethink Their Supply-Side Risk

Projects not yet completed lead to debate about absorption rates and risks.

By Barbara Ballinger | April 05, 2023 at 08:18 AM

Over the last three years, Covid-19 extended the timeline for residential and commercial real estate projects to be completed–and its aftereffects continue to slow momentum. The multifamily housing category has been no exception. 

Part of the reason for the slowdown has been a shortage of workers; another, the shortage of materials. And though such pandemic challenges have waned, they’re far from over. This is now causing a shift in thinking that it may take longer for new housing to be completed and absorbed and at different rates depending on individual real estate market trends, according to a recent report from Cushman & Wakefield.

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