A cooling in the single-family home market could be detrimental to the health of the multifamily sector, according to the Integra Realty Resources (IRR) Mid-Year Commercial Real Estate Report issued this week.
While IRR reports that multifamily assets traded at record highs as most U.S. residential markets rocketed through Q1, single-family home volume and values "will surely affect forward rental rate forecasts negatively," the firm said.
Urban Markets to See Return to Balance
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.