SAN JOSE—For the past seven months and then some, the work from home phenomenon has pushed demand for even more housing. Just how will this impact the South Bay multifamily market in the future? Adam Levin, executive managing director for Levin Johnston of Marcus & Millichap, recently weighed in on this demand amid a new normal.
GlobeSt.com: What are some of the characteristics of the demand for multifamily investment properties in the South Bay market?
Levin: In the Bay Area, we continue to see strong demand for multifamily investment properties. Despite the economic uncertainty that looms over the market due to the pandemic, rent collections continue to remain strong overall and we've actually seen some well-capitalized investors be able to expand their portfolios by taking advantage of the historically low interest rate options on new loans.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
