
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.”
- ◦Sale/Acquisition