How Can We Help You?

Sector and market analytics

Driven by economists and leveraged by market makers.
CRE performance across major metros and asset classes. History and forecast by CBRE.

Thought leaders abound

Depth, breadth and rigor concentrated at all levels.
Synthesizing macro factors and leading indicators into actionable national, sector and market research.

Advantage is CBRE

Perspectives, scale and connections that work.
Commercial and cultural insight aligned with intellectual capital and experience to fuel informed real estate decision-making.

Which data are right for you?

Data views and extracts by scenario and on demand.
Check out the fundamentals, capital markets, and data tools now on our one-pager.

Experience the platform

See first hand why top institutional investors, direct lenders and private equity firms are clients.
Set a time that works for you.

Click the link above to access all EA Insights

Multifamily sentiment favors big cities

Aug 15, 2024, 15:08 PM by Michael Leahy

CBRE’s bi-annual Cap Rate Survey (CRS) asks market participants to forecast cap rate movement over the coming six months. For multifamily assets, the H1 2024 survey may represent an inflection point, as most respondents expect cap rates for this asset type to slightly decline or remain unchanged. 

Sentiment, however, varies across markets. For top Gateway markets (New York, Boston, Washington, D.C., Los Angeles, San Francisco and Seattle), for example, nearly 90% of survey respondents believe yields will decline over the next six months. This optimism is rooted in the impressive post-pandemic multifamily recovery in many highly-amenitized urban neighborhoods. 

This is a stark contrast to high-growth Sun Belt markets (Raleigh, Charlotte, Atlanta, Nashville, Dallas, Austin, Phoenix and Denver), where multifamily construction boomed until recently. Most survey respondents believe cap rates will be flat in these markets, likely owing to a persistent new supply overhang. 

The new CRS gauges sentiment before the onset of recent market volatility. And while the 10-Year Treasury yield’s decline is welcomed news for multifamily values everywhere, Gateway markets’ edge is likely to persist.

cotw08142024

 

 

 

 

 

 

Ready to Get Started?

60 second demos.


WATCH NOW

Experience the platform.


TRY IT TODAY

Become a client.


NEXT STEPS
redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin play-btn line-arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard