Multi-Family Markets Continue to Grow

Developer expectations in the Multi-Family market have remained steady since the last report in January. In the Bay Area, even though the survey panel predicts that the market will be slightly softer in three years, approximately 80 percent of all developers have plans to start at least one new project this year—a 63 percent increase from last year. Demand remains strong in Southern California, where three-fourths of the survey panelists are planning new projects.