The reasons: institutional demand for commercial real estate is much stronger than in the past and there is a growing acceptance of using as less leverage to finance deals.
Most areas of the state have experienced substantial improvement over the past four years. As of mid-2018, only four counties—Clinton, Putnam, Rockland and Suffolk—had foreclosure rates of more than 1%, while 38 counties and three of New York City's five boroughs had rates below 0.50%.
Weaver, in his South Florida Multifamily 2019 Forecast report, stated that the near decade of strong performance is not setting up the multifamily sector in South Florida for another crash.
Industrial owners at the forum said they do not foresee an oversupply of inventory in the next two years and believe cap rates will settle at 4.5% or less this year.