Strong fundamentals, coupled with a supply/demand imbalance and rising interest rates, paint a rosy picture of the apartment sector for lenders, speakers at the MBA CREF/Multifamily conference tell attendees.
“We are confident that commercial real estate will continue to perform well amidst an economy buoyed by tax reform and heightened job creation,” says Lisa Pendergast at CREFC.
“Strong investor interest in new construction, vacant-forward sales, and institutional buying off of I-95 speaks to the depth of demand for all things industrial in New Jersey,” says Gary Gabriel, executive managing director, Cushman & Wakefield.
While rising interest rates decrease home-buying power, it's also important to note that rising incomes can offset that decrease, First American's Mark Fleming tells GlobeSt.com.