Search
 

Multifamily Demand Will Still Outweigh Supply in 2017

NEW YORK CITY—Capital One recently surveyed multifamily industry participants at the RealShare Apartments conference to assess market sentiment for the coming year and learns that while many industry participants believe that demand is running ahead of supply, the general sense is that the market will tighten somewhat in 2017.

By Natalie Dolce | nataliedolce | Updated on January 17, 2017

Ben Stacks, SVP and NYC area market manager at Capital One. Ben Stacks, SVP and NYC area market manager at Capital One.

NEW YORK CITY—For the past several years, Capital One has surveyed multifamily industry participants at the RealShare Apartments conference to assess market sentiment for the coming year. Starting last year, the firm began using the survey as a platform for blog posts from our senior bankers, who explain the implications of the findings and also add their own perspectives on the coming year. This year, the firm’s Ben Stacks, SVP and NYC area market manager, discusses one particular question in the survey that perfectly captures the moment for the multifamily market—“What will the balance be between supply and demand in the coming year?” Attendees at the 2015 conference believed that demand would outweigh supply by 15 percentage points in 2016.  For 2017, that margin dropped almost in half.

The views expressed in the commentary below are Ben Stacks’ own.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.