National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


National  + Apartments  | 
Berkadia's 2023 Outlook Powerhouse Poll finds that the multifamily market remains healthy despite capital markets uncertainty

Berkadia’s Powerhouse Poll Forecasts Increase in Apartment Supply This Year

The multifamily market remains healthy despite weakening fundamentals, capital markets uncertainty, persistent inflation and recession rumors, Berkadia reported in its 2023 Outlook Powerhouse Poll. Apartment construction and deliveries are forecasted to surge in 2023, although the construction industry is still feeling the lingering effects of the pandemic. 

With apartment deliveries expected to reach a 50-year high, 59% of Berkadia mortgage bankers and investment sales advisors predict that multifamily rental demand will outpace new supply in 2023, compared to 80% last year. Deliveries are among the biggest near-term pain points for the apartment sector, although the nation as a whole is still undersupplied. 

“As real estate investors adapt strategies and investment decisions to shifting market conditions, we remain sanguine about multifamily investing, fundamentals and operations,” said Berkadia EVP and head of production Ernie Katai. “While this shift is coupled with headwinds and economic uncertainty, this environment is nothing we haven’t conquered before, and in fact, we believe we are reverting back to national historic averages.” 


Inside The Story

Berkadia's Katai

About Paul Bubny

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 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).