Multifamily Outlook is Bullish, But Market-Specific
Summer 2023 Allen Matkins/UCLA Anderson Forecast California CRE Survey
8.02.23
All respondents to the 2023 Summer Forecast are bullish on California’s multifamily market, with significant new development expected in the coming years to keep up with red-hot demand. According to the survey, 55% of panelists will begin one or more new multifamily project in the next year. This is an optimistic outlook despite softening rents in some regions and remaining high interest rates.
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