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Multi-Family Market Sentiment Continues to Be Mixed | Allen Matkins


[co-author: Jason Parr]
Multi-family market expectations have improved in Silicon Valley, Orange County, and San Diego, while in the other markets surveyed, panelists do not see 2023 as having higher occupancy and rental rates compared to today, according to the latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey. Overall, though the pandemic has changed the nature of the demand for apartments both geographically and in their footprint multi-family development is still expected to grow in California as the economy rebounds and housing demand grows again.
Multi-family housing industry leaders, Jason Parr of Cushman & Wakefield and David Blackwell of Allen Matkins, discuss what lies ahead for this sector of the California commercial real estate market. ....

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