In the face of rising interest rates and concerns that the U.S. might be headed for a recession, commercial real estate investors remain keenly focused on fundamental principles of investing. And according to our latest research, investors continue to view multifamily as the most attractive property type.

Why? One reason is that apartments tend to be the most inflation resistant of all the property sectors, thanks to shorter term leases. But the reality is that the underlying fundamentals in multifamily remain incredibly strong – and as soon as there is more clarity around Fed policy, the sales market is expected to quickly thaw.

Even with high construction costs, positive performance and strong investor demand are proving to be too powerful an incentive for developers – and there continues to be a robust pipeline of new projects underway and planned. But our survey respondents were a bit more pessimistic when it comes to the availability of capital.

Want to learn more? Download The 2022 WMRE Multifamily Research Study which surveyed a cross-section of investors, building owners and managers, developers, lenders and brokers.