Concerns about the prospects for urban multifamily properties have surfaced as the office sector keeps struggling with rising vacancy and declining property valuations. Some multifamily investors worry that if office demand, especially in urban areas, keeps dwindling it may affect the appetite for rental housing near vacated workspaces.
Despite pain across downtown offices, multifamily counterparts draw steady demand
Even if renters don’t need to be in the office full time, they still prefer having access to downtown lifestyle features
By Jay Lybik
CoStar Analytics
September 16, 2024 | 7:14 P.M.
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