Multifamily Still Has a Long Runway Ahead
Don’t count on the market breaking in 2020. NorthMarq’s Trevor Koskovich predicts continued growth next year.
Don’t count on the market breaking in 2020. The multifamily market has a long runway ahead, according to NorthMarq’s Trevor Koskovich. While fear of a downturn hitting next year has grown, Koskovich doesn’t see any signs of market failure, and his clients are planning to maintain a healthy appetite for multifamily next year.
We caught up with Koskovich, president of investment sales at NorthMarq, at the GlobeSt Apartments conference in Los Angeles for the Multifamily Visions 2020 Podcast Series. Koskovich looks ahead into 2020 to offer predictions for development, investment activity and where buyers can find the best opportunities in the year ahead. While the market is nuanced, Koskovich has a generally bright market outlook over the next 12 months.
Opportunity, however, doesn’t mean a lack of change. There are some changes coming in the new year, including more opportunity is secondary markets and a shift from upscale luxury development to more affordable prospects. Investors in some markets might also need to make adjustments in the face of new apartment deliveries. Press play to hear all of Koskovich’s thoughts on what is to come in multifamily.
Read this article at Globest.com