Multifamily Rents Leveling Off in 2018
In an interview with MHN at the 2018 ULI Spring Meeting, USC Lusk Center for Real Estate Director Richard Green shared his insights on the state of the industry and the challenges facing the sector.
After several years of robust multifamily development, the amount of supply in the market is leading rents to level off in major markets in 2018, observed Richard Green, director of the USC Lusk Center for Real Estate, in an interview with Multi-Housing News at the 2018 ULI Meeting in Detroit. While he noted that the industry overall is stable, there are several issues to look out for, such as an increase in the homeownership rate, rising construction costs and expanding cap rates. Check out the video above for his insights on the state of the industry and what to expect for the rest of 2018.
The original article can be found here.