It’s a New Year — Where Does the Multifamily Market Stand?
Multifamily real estate investing enjoyed quite the boom from Q4 2021 to about mid-year 2022. But with a variety of economic pressures and changes impacting this market and countless others, things began to shift rather quickly. Yet despite these factors, the multifamily market remains one of the stronger sectors within commercial real estate.
In fact, experts foresee a number of trends that stand to positively impact this industry:
- Construction is expected to deliver strong on inventory throughout the year
- Rates not decreasing on single family homes means more interest in rentals
- Continuing job growth means more people moving out and increasing demand
- Occupancy rates and rental growth are expected to remain strong
Whether you’re already active in commercial real estate or you’re considering entering the industry (either as an individual investor or a general partner of a CRE firm), ensure your multifamily real estate investing strategy stays strong with this curated collection of resources from our expert team.
- See how Covercy empowers multifamily real estate investing: Sign up for a demo now and learn why more professionals are choosing our platform to manage their investors and assets.
Grow Your Knowledge in 2023 with These Multifamily Real Estate Investing Insights
1. Explore the Top Markets of the Past Year
While the commercial real estate industry has shifted, the top markets of 2022 are more than likely to remain leaders well into the new year. This is due to their expected inventories, job growth, rent growth, and more. Recently, we went in depth into these markets, what’s driving their success, and how to maximize results should you be interested in exploring multifamily real estate investing in them.
2. Get Experts’ Tips for Multifamily Real Estate Investing
All too often, new investors get involved in multifamily real estate because it appears to have a lower barrier to entry than other markets. While that can be true, it’s important to understand all of the financial factors that go into a deal up front and the responsibility you’ll carry as a landlord afterward. We sat down with an experienced multifamily real estate investor to get his insights into what to consider before and after closing.
- Download our multifamily investing tips guide
- Get a sampling of his recommendations here
3. Use the Right Tools to Hit the Ground Running
Today more than ever, commercial real estate investors need to leverage technology to make the myriad administrative functions faster, simpler, and easier. Historically, tech adoption in CRE has been delayed due to older generations in the workforce, but this is expected to change with Gen Z. A number of tools are available in the market today, but not all of them touch on the many functions of CRE such as fundraising, investor relations, banking, distributions, and more.
Start Your Multifamily Investing Journey with Covercy
Whether you’ve been investing in the multifamily market for years or you’re just beginning to explore the possibilities available, the industry is expected to continue its growth trajectory — making now an ideal time to get involved or accelerate growth. At Covercy, our real estate investment management platform provides a wealth of features covering all aspects of the process — from raising capital from your investor base and navigating those relationships to opening and managing bank accounts and automatically distributing returns to investors. And that’s just the beginning.