The story of multifamily so far for 2024 has been one of high supply. That has not been ideal for CRE developers and owners as it has led to flattening rents.

But Matthews Real Estate Investment Services, which represents the largest developers and clients, is still seeing enough activity in certain areas.

David Harrington, president of the brokerage firm, which leads the industry with over 20,000 transactions annually, said that he is seeing "tremendous" multifamily demand in the Southeast, particularly. So think in states like the Carolinas, Georgia, or Florida.

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
NOT FOR REPRINT

© 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.

National
Multifamily
Southeast