Berkadia’s Powerhouse Poll Forecasts Continued Multifamily Rental Demand
Berkadia’s 2022 Mid-Year Powerhouse Poll finds 80% of the firm’s mortgage bankers and investment sales agents expecting multifamily rental demand to continue outpacing supply for the remainder of 2022. Despite uncertainty stemming from rising interest rates and persistent inflation, the multifamily sector of commercial real estate remains strong but will likely experience a slowed rate of production as investors grapple with economic volatility.
“With the rising cost of homes and interest rates, the renter lifestyle has increased investor demand in primary and secondary markets across the country,” said Ernie Katai, head of production at Berkadia. “While we will continue to navigate economic volatility in the second half of the year, our team provided a strong start to 2022.”
The proprietary poll, conducted in July, collected insights from 123 Berkadia investment sales agents and mortgage bankers to gauge expected CRE activity and opportunities for the second half of 2022 and beyond.
- ◦Sale/Acquisition
- ◦Financing