X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Amid all the talk about peak-to-trough value losses of 40 to 50 percent in commercial/multifamily real estate, some sectors in certain 24-hour cities may be firming up even as the overall market continues to sink-albeit more slowly. This very limited phenomenon embraces a classic flight to quality and appears to concentrate in Class A apartments and select high quality office in the primary coastal gateway markets.

Investors with cash-remember we´re talking cash buyers since there is little if any available credit-circle apartments, because they figure there will be significant pent up demand among young adult baby echo boomers who have been doubling up or moving back in with parents. As soon as, jobs activity and wages show some sign of upticks, more people will look to rent their own place. House-hunting won´t be in the cards because of ongoing credit restraints-the days of putting little to nothing down are over for the foreseeable future.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.