One thing is sure: as the pricing cycle peaks, purchases become more selective, sales increase, and prices suffer, says guest columnist Luis Mejia, CoStar's head of multifamily research
In this article, Luis Mejia, CoStar Group's director of multifamily research, discusses how Central Business Districts have comprised an increasing share of the transaction market, but wonders whether CBDs will continue to attract investors at the same pace as interest rates rise and new supply hits the streets.
Recent multifamily investment volumes indicate an early but potentially growing emphasis on Class B and C properties.