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The Demand for Multifamily is Unexpectedly Positive - Multifamily Absorption Surprises on the Upside in 2020
6/15/2021 · by CRE Finance Council · Multifamily · Research and Background Documents
Despite a pandemic that has restricted many routine activities and a recession that has left millions jobless, demand for multifamily units was unexpectedly positive in most parts of the country in 2020. Some 252,000 apartment units were absorbed in the U.S. in 2020, or 1.7% of total stock, according to a review of Yardi Matrix’s database.