Multifamily in multiple geographic markets has faced pressures from rapidly increased inventory. The units were needed but are concentrated in markets like the South and parts of the West, increasing total vacancies and pushing down on rent growth.
According to a recent CBRE report, there is "turbulence ahead for some industrial markets."
"Some important industrial markets will see a deluge of new construction completed this year, including Dallas-Fort Worth (where the availability rate is already in double-digits), Riverside, Atlanta and Houston," they wrote.
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