The past may still be prologue in multifamily markets
In light of the unprecedented changes since 2020, it would be reasonable to assume that past trends are of little value in today’s marketplace. Our “Map of the Month” uses the Seattle market to show why this thinking would be misguided.
U.S. population growth slowed in the 2010s, as millennials delayed marriage and having children, and immigration levels declined. However, the situation has recently improved.
The office sector is showing signs of balance between supply and demand, as companies have adjusted their lease commitments and are urging employees to return to the office.