Multifamily Absorption in 2015, Expected to be Significant

Multifamily Absorption in 2015, Expected to be Significant

Highly Desired Apartment Complex SOLD in Sarasota, FL by NAI Tampa Bay's Senior Director, Sean Dreznin
Highly Desired Apartment Complex SOLD in Sarasota, FL by NAI Tampa Bay’s Senior Director, Sean Dreznin

By Natalie Dolce via Globe St.com

What will the big multifamily surprise be in 2015? “The level of absorption that will be seen,” said Tyler Anderson, vice chairman of CBRE.

“The elephant in the room is the pipeline that is coming…The singlefamily market really hasn’t taken off,” Anderson said. “If we look back a year from now, we will be pleased with the level of absorption we will see.”


When asked where the opportunities are as of now, CBRE’s Anderson said “it is in buildings that still need renovations.”

Zander said that one should “buy value-add B and sell core.”

Cooke agreed that value-add space is “an awesome space to be in.”

Moderator Jones added that “when it is hard to believe how good it is, that is the time to take a very close look and be more astute to the specifics.”

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