There's a lot of waiting and seeing across commercial real estate, as various uncertainties remain in the market from interest rates to the election – and the multifamily asset class is no different.

But maybe one thing that's unique for multifamily is the supply levels. It's so extreme that Jay Remillard, co-head at global investment firm CP Capital, calls it a "generationally" high amount" that has been delivered over the past 12 months.

DEMAND ISN'T THE ISSUE

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