Berkadia’s Latest Powerhouse Poll Predicts Multifamily Will Turn Up the Transaction Volume
Berkadia’s 2021 Mid-Year Powerhouse Poll finds that overall, the multifamily market continues its positive trajectory, especially on a year-over-year basis. Seventy-eight percent of the nearly 180 Berkadia mortgage bankers and investment sales advisors polled last month are optimistic that the number of transactions within the multifamily industry will increase this year from 2020.
“Multifamily real estate transactions may have taken a pause at this time last year, but the length of a market slowdown was much shorter than initially predicted,” said Ernie Katai, EVP and head of production at Berkadia. “In the first half of this year, we saw a rebound resulting from the pent-up industry energy and availability of capital, leading to a record-setting start to 2021.”
He added that “an increased desire for the transient, renter lifestyle and migration patterns have led to increased renter demand, and corresponding investor interest, particularly in secondary markets across the country.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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