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2024 Commercial Outlook Report

While today’s CRE market is healthier than during the 2008 financial crisis – with over $6.4 trillion parked in money market funds through December 2023 (Source: SEC, Money Market Funds Statistics) – a significant disconnect exists between buyers and sellers, resulting in an extended period of “sitting on the sidelines”. A lack of clarity on returns and values coupled with steadily rising cap rates have led to lower transaction volumes and slower deal closures.

Multifamily Outlook

As we step into 2024, the real estate landscape is poised for a variety of challenges and opportunities. In this post, we break down highlights from Yardi Matrix’s Multifamily National Report for 2024 – including what to expect for rent growth, the overall multifamily sector, the economy and capital markets, and projected transaction volumes.

Rental Resurgence

In 2023, the Midwest emerged as the most competitive region for rentals, boasting three of its markets within the top five nationwide, according to research by RentCafe. While a majority of the U.S. experienced a softening in rental competitiveness, the Midwest defied the trend.