The gateway markets have been struggling as people left for more affordable areas during the pandemic.
However, the bleeding may soon stop. In a new report, Freddie Mac Multifamily sees potential for positive growth in the gateway markets by the end of 2021.
Data from the first quarter of 2021 shows that rents are continuing to decline annually. However, Freddie Mac says that monthly data shows they are starting an upward turn.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
