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U.S. multifamily investment sales set a new record for first-quarter volume in the first three months of 2022, CBRE reported

Q1 is One for the Record Books in Multifamily Investment

Multifamily investment volume increased by 56% year-over-year to $63 billion nationwide in the first quarter of 2022, the strongest Q1 on record, CBRE reported. The sector accounted for 37% of Q1’s volume. 
The multifamily market set a record four-quarter absorption total of 695,100 units in Q1 2022, 77% higher than the previous annual record in 2000.  
“Strong multifamily fundamentals persist, with favorable migration trends, high household formation, and strong wage and job growth contributing to continued demand,” said Brian McAuliffe, president of multifamily capital markets for CBRE. “An abundance of equity and debt capital remains available, albeit at significantly higher rates than enjoyed in the past few years.”  

He added, “While investors continue to have strong convictions on market fundamentals, bidder pools have reduced due to the increase in the number of offerings in the market and we are experiencing upward movement in cap rates as debt volatility impacts pricing.” 


Inside The Story

CBRE's McAuliffe

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).

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