Our annual national event kicked off today live at the Westin Bonaventure in Downtown Los Angeles, where more than 600 attendees joined and where one expert called the multifamily market “a remarkable story.”
LOS ANGELES—GlobeSt.com’s Multifamily Conference, a national event, is in full swing here at the Westin Bonaventure in Downtown Los Angeles. More than 600 were live in attendance on day one of the two-day event to hear forecasts from chief economists, investments landscape shifts from experts, and much more.
Check out day one from the event in photos below and stay tuned for our in depth coverage on GlobeSt.com.
Opening keynote speaker Richard Barkham, Global Chief Economist and head of Americas Research at CBRE, said that multifamily is a “remarkable story” and he noted that on the West Coast in particular, rents are up and vacancy is down. More than 600 were live in attendance on day one of the two-day event.
This past year, rent trends showed significant improvement and even stabilized in some hard-hit markets. As we continue to navigate 2021, more promising shifts have emerged, including increases in suburban market growth and the ending of eviction ban extensions. Panelists during the Investment Landscape Panel: How Multifamily is Driving Economic Recovery discussed these trends. Networking break in the exhibit hall With cap rates at historically low levels due to increased property values and high labor costs, there’s never been a better time to invest in building automation to maximize your building’s NOI. Cyrus Claffey, Founder of ButterflyMX discussed why you need building automation in 2022, how it will benefit your property, and how you should execute it. Fireside Chat: A Conversation on Strategy, Opportunity & Investing Marcus & Millichap CEO Hessam Nadji talks cap rates, pricing, California, rent increase, supply, risk and more on Day one of the GlobeSt. Multifamily event. Stay tuned for more coverage from his special presentation. 2021 has seen some serious ebbs and flows for developers. From skyrocketing costs of supplies to the shifting buyers market, developers have had their fair share of challenges. However, with every challenge comes an opportunity to innovate, and as it becomes more apparent that the hybrid workforce is here to stay, developers have been presented with a unique opportunity to create multifunctional spaces for both work and home life. Panelists here discussed some of the shifts of the last year and how the Industry has responded. They also explored emerging trends in the development of multifamily projects, and examined what changes are here to stay for developers moving forward.
