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Marcus & Millichap Releases 2024 National Multifamily Investment Forecast

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CALABASAS, Calif.--(REAL ESTATE WIRE) )-- Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today it has released its 2024 National Multifamily Investment Forecast. The report provides numerous insights into major trends influencing the multifamily sector in 2024, including individual analyses for 50 major markets across the country. by the resilient U.S. economy, which is out-performing expectations, the multifamily sector is gathering momentum as demand to rent apartments is increasing across the country,” said John Sebree, senior vice president and national director, Multi Housing Division, Marcus & Millichap and IPA. “A record level of new supply, however, will keep short-term pressure on fundamentals. The 2024 investment landscape will stand out from last year in that the prospect of minimal interest rate cuts, paired with a sizable amount of capital sitting ...