Cortland's Chief Economist Brad Dillman writes in his opinion piece in NREI's 2020 Outlook: "As multifamily participants, we have listened to pundits repeatedly call for a market decline. They point to cranes and confidently claim that we are headed towards the inevitable overbuilding the industry historically engages in. Yet despite predictions, the multifamily industry continues to observe strong absorption and continued rent growth, particularly in the Southeast and Southwest. What we believe pundits and others are missing is a deeper understanding of the widely unrecognized structural underpinnings that drive the strength of today’s multifamily market – and are likely to continue to do so."
Learn more in the full article.