Multifamily outlook remains strong in 2022
The apartment sector has been among the strongest in 2021, and the outlook for multifamily investment in 2022 remains positive.
“The multifamily industry’s outperformance will continue to drive investment activity in the space in 2022, specifically in high-growth markets that have been seeing significant population and job growth,” says Jeremy Katz, co-head of CP Capital. He predicts the Sun Belt will continue to provide attractive investment opportunities, as well as suburban areas outside primary markets.
Multifamily rents have risen 13.5 percent, year-over-year, as of December 2021, reported Yardi Matrix in the firm’s National Multifamily Report, as the sector has performed strongly amid the COVID-19 pandemic.
“As was the case following the global financial crisis, the multifamily sector proved incredibly resilient coming out of the COVID recession, experiencing record rent growth and absorption,” says Katz. “2021 was an extremely activ