The Pandemic Reinvigorates Multifamily Investment
In this recent article on Globe St.com, Blake Okland of Newmark points to a renewed enthusiasm for multifamily as we emerge from COVID.
A few trends have shifted the market into growth mode, including choices people are making in their careers.
From the article:
Migration to new cities is driving the new period of growth in multifamily. Before the pandemic, people had been thinking about moving to new places. Those people finally made the move. “People made career decisions that they maybe were waffling on before, and those that were thinking that telecommuting was possible, banked on that,” says Okland. “All of those factors and many more contributed to this rapid acceleration of trends underway that had a significant impact.”
Read the full article from GlobeSt.com HERE