Fall 2017 issue of Horizons

INDUSTRY UPDATE REAL ESTATE

It’s a Record Period of Growth for the Multi-Family Industry by Bill Gawrych, CPA, CGMA

E ach year, RubinBrown publishes an Apartment Statistical Analysis. This data is collected from clients, as well as other contacts and referrals within the industry, to compile averages in a variety of markets within the United States. The most recent publication of statistical information includes operational data for 2016 and represents approximately 600 apartment projects in roughly 40 states. While these averages are representative of a smaller pool of projects, the trends are usually consistent with those experienced at the national level.

Multi-Family Industry The multi-family industry continued to experience above-average performance in 2016. There were 321,000 multi-family units completed in 2016, up 5% from the averages seen in the 2000s and slightly higher than the 306,000 units completed in 2015. The new multi-family units added in 2016 are the greatest annual increase in new units entering the market in a single year since 1989. Over 90% of the units were intended to be rentals and over 80% were in properties consisting of more than 20 units.

It’s a Record Period of Growth for the Multi-Family Industry

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