Our quarterly report on the current and emerging small multifamily investment trends features data and research from Chandan Economics. The report reviews the state of the market, identifying trends in underwriting, financing, cap rates, valuation and more. In the report, you’ll learn how small multifamily properties differ from larger properties, and the forces driving their investment performance.
Small multifamily originations are on pace to hit $91.1 billion in 2022, just shy of 2021’s record high.
Cap rates reached a new record low in the second quarter, declining to 5.0%.
Amid surging rents and property-level incomes, expense ratios have returned to pre-pandemic levels.