Multifamily remains the most attractive asset class in commercial real estate, with industrial and self-storage not far behind, according to Leo Leyva, co-chair of the Litigation, Real Estate and Real Estate Special Opportunities departments at the law firm Cole Schotz.
"Multifamily is your 'favored nation' asset class for investing. Lenders of all types — institutional, private equity, banks — offer construction and exit loans," Leyva tells GlobeSt.com. "Industrial and self-storage are also performing well, but their growth has slowed a bit lately."
Key multifamily markets where we're seeing continue growth are the familiar ones: the Southwest, Carolinas, Tennessee – "places where people want to move to and live and get away from all the craziness in the blue states. Jersey City has also been hot along with some boroughs in New York."
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