CBRE’s Q3 commercial multifamily report is out. Two important takeaways that I found valuable as I continue to look at this asset class:
- Vacancy has fallen to 3.6% in Q3, down 40 basis points YoY and the lowest level since 2000.
- Average rent rose 2.9% Y0Y, slightly above than the historical average of 2.6%
This is great news for multifamily owners and investors! You can get the entire report on their website via the source link below.