By Kelsi Maree Borland
The article below is from Globest.com.
The following is an excerpt from the article.
“We have this supply-demand dynamic. All of the reports I am reading say the same thing: we have never seen anything like this before, and I think it will persist for a long time,” Blake Okland, vice chairman and head of multifamily investment sales at Newmark, tells GlobeSt.com.
“Multifamily shows the best in a downturn. It is a very needs based asset. I think that the thesis for multifamily has continued to gain adoption both domestically and globally. It has become an increasingly desired and safe destination for capital.”
“There is a newfound optimism around rents,” says Okland. “This could be more sustainable than you would think; this is not just a one-year trend in reaction to question marks around pricing power following COVID.”