DLA Piper 2011 State of the Market Survey: Multifamily Rules
This article was originally published at Multhousing News Online, written by Jeffrey Steele and re-posted at www.josephbernard.net. Apartments are #1!
Washington, D.C.—The upbeat mood of the first half of this year has given way to a decidedly more pessimistic view in recent months. Worries about global markets, sluggish job growth and the stubborn
impasse in Washington, D.C. have all contributed to industry leaders taking a dimmer view of the next 12 months. In fact, seven in 10 of those polled termed themselves bearish on the next year.
Those are among findings of DLA Piper’s 2011 State of the Market survey of perspectives of 291 top U.S. commercial real estate market executives. Amid the pessimism, however, was a hopeful glimmer for multifamily, which the study ranked as the most attractive investment opportunity by a considerable margin.
At 45 online pokies percent, multifamily ranked as the most attractive investment opportunity, outdistancing all others. “It’s not easy to close financing in the other asset classes,” Epstien reports. “Last year, multifamily was also number one, but it was given more competition from offices, industrial and hotel than this year. Because the fundamentals have stayed stronger, and the single-family home market has struggled, it’s not a surprise multifamily has again led the pack.”
Excerpt from the article written by Jeffrey Steele, Contributing Writer for MultiHousing News Online. To view the original article in its entirety, click here.