flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Multifamily transactions drop sharply in 2020, according to special report from Yardi Matrix

Market Data

Multifamily transactions drop sharply in 2020, according to special report from Yardi Matrix

Sales completions at end of Q3 were down over 41 percent from the same period a year ago.


By Yardi Matrix | December 29, 2020

Yardi® Matrix analyzed multifamily transaction activity for its final special report of 2020, and found that property sales are down sharply – though impact varies regionally -  as a result of the pandemic.

Through three quarters in 2020, $50.6 billion of multifamily property sales were completed in the U.S., down 41.7% from $86.5 billion through the same period a year ago, according to the report. There’s little hope full-year volume will get close to 2019’s record high of $127.8 billion. Gateway and coastal metros have generally seen a larger decline in deal flow than secondary and tertiary markets in the Sun Belt and Southwest.

“Much of the change could be described as a ‘filtering’ effect: investors moving from urban cores to inner-ring suburbs, from primary to secondary metros and from secondary to tertiary metros. This phenomenon results from several factors, including owners putting fewer properties on the market, disagreement between buyers and sellers about prices, the composition of buyers, and the competition for assets,” states the report.

Like many industries, multifamily sales saw a stronger performance in Q3 than during earlier in the year. Capital availability is relatively strong due to lack of better alternatives, optimism about future demand for housing, and the stability afforded by the government-sponsored enterprises Fannie Mae and Freddie Mac.

Gain all the insight in this special multifamily transaction report from industry data leader Yardi Matrix.

Yardi Matrix offers the industry’s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, industrial, office and self storage property types. Email matrix@yardi.com, call 480-663-1149 or visit yardimatrix.com to learn more.

Related Stories

Multifamily Housing | Mar 23, 2022

Cadence McShane's Broadway Chapter Apartments earns 2022 TEXO Distinguished Building Award

Cadence McShane Construction Company received first place in the 2022 TEXO Distinguished Building Award in the General Contractor – Residential Multifamily 1 ($0 - $150M) category for the Broadway Chapter Apartments project.

Projects | Mar 22, 2022

Fast-growing Austin adds a $3 billion community

The nation’s fastest-growing large metro area is getting even bigger, with the addition of a $3 billion, 66-acre community.

Projects | Mar 22, 2022

Austin multifamily project to feature 60 micro-housing apartments

A new 34,364 sf multifamily project, Sixth and Chicon, in Austin, Texas, will feature 60 micro-housing apartments designed for “the urban minimalist.”

Projects | Mar 18, 2022

Former department store transformed into 1 million sf mixed-use complex

Sibley Square, a giant mixed-use complex project that transformed a nearly derelict former department store was recently completed in Rochester, N.Y.

Multifamily Housing | Mar 15, 2022

Multifamily rents climbed 15.4 percent in one year

Multifamily asking rents picked up another $10 in February to reach a national average $1,628, and year-over-year growth recorded a 15.4 percent bump, according to the new Yardi Matrix Multifamily National Report.

Multifamily Housing | Mar 15, 2022

A 42-story tower envelops residents in Vancouver’s natural beauty

The city of Vancouver is world-renowned for the stunning nature that surrounds it: water, beaches, mountains. A 42-story tower, Fifteen Fifteen, will envelop residents in that natural beauty.

Multifamily Housing | Mar 15, 2022

Hermosa Village earns 2021 NAHB Best in American Living Award

Cadence McShane Construction Company received first place in this year's NAHB Best in American Living Award for its Hermosa Village project.

Projects | Mar 11, 2022

Suffolk completes construction of luxury condominium 2000 Ocean

The 38-story glass-encased tower along the beach on 1.3 acres is owned by KAR Properties and designed by TEN Arquitectos. 

Projects | Mar 9, 2022

New 243-unit luxury apartment community opens in St. Paul, Minn.

Waterford Bay, a four-story, 243-unit luxury multifamily development recently opened in St. Paul, Minn.

Mass Timber | Mar 8, 2022

Heavy timber office and boutique residential building breaks ground in Austin

T3 Eastside, a heavy timber office and boutique residential building, recently broke ground in Austin, Texas.

boombox1
boombox2
native1

More In Category


Curtain Wall

7 steps to investigating curtain wall leaks

It is common for significant curtain wall leakage to involve multiple variables. Therefore, a comprehensive multi-faceted investigation is required to determine the origin of leakage, according to building enclosure consultants Richard Aeck and John A. Rudisill with Rimkus. 



halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021