WATCH MULTI-FAMILY LENDING: While so many people are focused on banks’ office building loans, fewer are questioning their multifamily portfolios because the market has been so tight in recent years—but the winds are changing direction. Vacancy rates have risen sharply this year.
Rents are now declining.
New apartments under construction are higher than they have been in 50 years. Stay tuned.
The next CRE shoe to drop
By Thomas K. Brown,
WATCH MULTI-FAMILY LENDING: While so many people are focused on banks’ office building loans, fewer are questioning their multifamily portfolios because the market has been so tight in recent years—but the winds are changing direction. Vacancy rates have risen sharply this year.
Rents are now declining.
New apartments under construction are higher than they have been in 50 years. Stay tuned.
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