925 - A Spike In Supply Could Tank Multifamily Prices This Year by Dave Meyer
According to recent data, there's now over one million multifamily units under construction, the highest ever recorded, many of which are ready to hit the market this year.
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Show Notes
Commercial real estate is facing stress from several directions. The primary stress is rising interest rates, which are putting upward pressure on cap rates (which pushes down asset values), making refinancing costs increasingly difficult and expensive to come by. But there is another risk arising, specifically to the multifamily niche of commercial real estate: oversupply. Recent data suggests that there may be a short-term glut of multifamily units hitting the market at an inopportune time.
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