In cities like New York, rent-stabilized multifamily real estate can be a smart, risk-adjusted, long-term investment opportunity, but you need to know the risks and rewards.
As multifamily investors look for data and insights on the real estate industry in the midst of uncertainty, 2020 Q1 data and the effects of the early stages of the pandemic are shedding some light on what to expect.
As global and national governments are set to lift consumer restrictions in June, many aspects of the market are experiencing an unusual shuffle in cautious preparation for bustling streets once more.
“There should be rent forgiveness and there should be mortgage forgiveness now in the middle of this crisis. Forgiveness. Not paid later, forgiveness,” according to Joe Biden.
Capital markets are active, but the landscape has shifted and you need to be strategic about your financing decisions.
It is difficult to reopen the economy with stress in the banking systems.
“We see this reduced activity continuing into the second quarter, with trading volumes likely to bounce back more strongly in the second half of the year,” said Stuart Crow, CEO, Capital Markets, Asia Pacific at JLL.
You need to be smarter about your investment decisions, certainly, as well as how you deal with your tenants and lenders, but there are opportunities to come out of this ahead.
U.S. commercial property prices have more than doubled since their 2009 low, but are heading for pain as the economy sinks into a strong recession.