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Overbuilding and Overpaying Plague Multifamily Sector

But experts say it won't be another office.

By Erik Sherman | December 02, 2024 at 06:56 AM

After so long considering the troubles facing office — and many tiring of hearing it repeatedly — there’s a new problem being brought up: multifamily. But things are more complicated than office.

Some of the problems in multifamily were visible by the summer. Distress rates had begun to climb, and the volume has been disturbing.

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