It’s not quite “Don’t Worry, Be Happy,” but a new note from CBRE emphasizes that multifamily problems will eventually end. “Markets are never static and strong rent increases are likely to resume in traditionally higher growth cities as excess supply is absorbed,” they wrote.

Negative results in commercial real estate are nothing new. As with any market, it happens periodically and then improves. As pre-Socratic and misanthropic philosopher Heraclitus wrote, change is the only constant in life. When things are good, the saying rankles, but when they’re bad, it is a comfort.


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Erik Sherman

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