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Home Insider Blogs Dike Drummond MD CPC's Blog Is Multifamily Stabilizing?
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Jan 21
2010

Is Multifamily Stabilizing?

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Posted by: Dike Drummond MD CPC on Jan 21, 2010 08:50

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We are all waiting for spring ... when all things are born anew!

AND before you can get green shoots like these in the commercial real estate markets ... the first step is the market fundamentals have to stabilize. At some point rent and occupancy simply must stop falling and enter the category of "No Change" as the analysts in our industry survey the national markets. Only then can the turnaround ... and those little shoots ... begin to emerge.

Here's a sign we may be seeing some stabilization sooner than most pundits had predicted.

Most of the national "experts" reported in the press over the last several months have gone on record predicting it will not be until the 3rd quarter (and most then say "at the earliest") until we see the Commercial Real Estate Markets recover.

Here is a report showing 16 of 28 major markets in the US where multifamily rents are NO CHANGE in the fourth quarter of 2009. See the report at this link ...

Could this be the first sign that some "green shoots" are on the way - might they be curled up under the surface yearning to emerge when the sun comes out all the way? Stay tuned ...

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