'Sunbelt Continues to Shine' in 2022 Multifamily Market After 'Blowout' Year
In 2022, the need for affordable housing and ESG solutions looms large.
February 24, 2022 at 10:00 AM
4 minute read
Real Estate News
The original version of this story was published on Law.com
After an "absolute record, blowout" 2021, the multifamily market will likely slow down, according to Kevin Fagan, head of CRE Analytics at Moody's Investor Services, who spoke Wednesday at the GlobeSt. MULTIFAMILY SPRING event.
While last year featured a 4.7% vacancy rate and 12.5% effective rent growth, Fagan pointed to the fourth quarter's "paltry" 2.9% effective rent growth.
"We do expect a slowdown, but that slowdown is still quite healthy," said Fagan.
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