Optimism Spikes for California's Multi-Family Real Estate Market

With employment growth steadily increasing in California, housing demand is creating an increase in multi-family housing development. The San Francisco panel had the highest level of optimism regarding vacancy rates, rental rates and the overall multi-family market.

Higher rents and occupancy rates reflect better returns, which is expected to stimulate multi-family construction in 2016 and beyond. While more units are expected to be delivered in 2015, developers do not anticipate an increase in the number of multi-family construction projects over the next 12 months.