Week of 2/4/25 - 2/7/25

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News Wrap | Fbruary 2025
Weekly News Wrap | Presented by CBRE Multifamily
CBRE
2025 NMHC Top 5 Take-Aways from  Jay Parsons:
1
Short-term uncertainty is very real.
And it’s almost ALL about interest rates (and by extension: debt costs, values and return targets), not fundamentals.
2
There’s still optimism and conviction on the mid- and long-term multifamily outlook.
Most investors believe supply has peaked, rents bottomed, demand robust, and greener pastures ahead.
3
Value-add strategies are back, but it’s typically a very narrowly defined bucket
Location and vintage matter a lot. They’re targeting high-quality, upper-income suburbs with good school districts and demand drivers.
4
The rebound in treasuries has had a freezing effect on the market.
The challenge is that sellers are generally holding firm on pricing, and would rather hold than sell at the discounts buyers need for deals to pencil out with higher debt costs.
5
Banks are back, and construction loan terms are improving
As the current wave of lease-ups complete and refinance into permanent debt, banks have little pipeline – so they’re hunting and competing.
Index Rates (as of 2/7/25)
4.496%
10YR Treasury
4.421%
7YR Treasury
4.341%
5YR Treasury
4.293%
3YR Treasury
4.329%
SOFR
CBRE's Multifamily Rent Comp Analyzer
CBRE's Rent Comp Analyzer - DelCo
Navigating the PA, DE, & NJ multifamily markets just got easier.

With the Rent Comp Analyzer, you can:

✅ Select any subject property in a given submarket from a dropdown menu.

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This tool provides a data-driven approach to rent benchmarking, allowing you to assess market positioning with precision. For a deeper dive or a customized analysis tailored to your investment goals, our team is here to assist.
 

Let’s connect and explore how this tool can support your strategy. Reach out today to leverage the Rent Comp Analyzer to its fullest potential.

Delaware Rent Comp Analyzer
Southern NJ Rent Comp Analyzer
Lehigh Valley Rent Comp Analyzer
CBRE Weekly Take: Adding Value through Market Intelligence
 
Turning Market Intelligence Into Higher NOI
The Market Rent Calculator

Provides a clear breakdown of rental trends, ensuring that rent growth assumptions align with market realities.

The Rent Comp Analyzer

Allows for a side-by-side comparison of competing properties, helping owners understand where they stand in the market and identify untapped pricing power.

Multifamily Headlines
3 takeaways from the Apartment Strategies Conference
Top 10 Markets for Multifamily Deliveries
JPI’s Scott Turner confirmed as HUD secretary
Multifamily construction spending lower to end the year
4 Office-to-Multifamily Conversions Done Right
NMHC panelists sound off on tariffs, immigration, tax policy
January 2025 Multifamily Sales Comp Report
RCA Sale Comp - NJ, PA, DE
January 2025
In January 2025, the multifamily sector exhibited promising trends, signaling a potential resurgence in investment activity. According to MSCI's Real Capital Analytics (RCA), the market experienced a notable uptick in transaction volumes, surpassing previous months and indicating renewed investor confidence. This increase is attributed to factors such as stabilizing interest rates and a favorable economic outlook.
For more information, please contact:
Nick Murray
Senior Associate
CBRE | Capital Markets
T +1 301 586 7010
nick.murray@cbre.com
Spencer Yablon
Senior Vice President
CBRE | Capital Markets
C +1 215 266 6241
Spencer.Yablon@cbre.com
Brad Megay
Senior Associate
CBRE | Capital Markets
C (610) 310-9108 
brad.megay@cbre.com |
Pete Dilullo
Senior Vice President
CBRE | Capital Markets
C (484) 888-3660
Peter.Dilullo@cbre.com 
Mac Shea
Associate
CBRE | Capital Markets 
C (270) 780-4715
mac.shea@cbre.com 
Adrian Sam
Associate
CBRE | Capital Markets
C +1 267 738 2792
adrian.sam@cbre.com
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