(This is the first in our series of picking markets. In this series we will discuss a different real estate sector, each stage of the development cycle, and what key metrics to look for to pick out geographic areas with the most long-term potential.)
Multifamily has been a hot product type since the great recession. In this post we are going to look at different phases of the multifamily development cycle through the interests of capital, land owners, consultants, contractors, municipalities, tenants, and developers.
-- Please note that I do make some generalizations and there are obviously going to be more factors at play than I describe.
Peak of the Cycle
The above is a generalized description of what happens in the multifamily development cycle. If we missed anything, or if you would like to add some insight, please feel free to comment below! In Part 2 we will look at the metrics and qualities of good apartment markets, and how to best pick markets that are likely to have a more pro-longed and less extreme development cycle.
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The official Site Identify blog
David Morin (co-founder)