Apartments Continue Leading the Way


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Apartment vacancy reached a 15-year low in 2015, Delich says.

PHOENIX—Following one of the strongest years on record for multifamily, Berkadia Commercial Mortgageanticipates ore of the same in 2016. Partly this is due to economic and demographic trends that continue to bode well, and partly it’s due to the sector’s bedrock nature: everyone needs a place to live. That being said, the old saw that all real estate is local certainly applies in theapartment sector, and most of Berkadia’s annual forecast, issued Monday, drills down into the fundamentals of the 44 metro areas that the firm surveys.

To get the view from 30,000 feet, GlobeSt.com spoke withDavid Delich, senior director of research at Berkadia; and industry veteran Keith Misner, who recently joined the firm as head of investment sales. An edited version of that conversation appears below…

Apartments Continue Leading the Way

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