August 14, 2020
Berkadia’s 2020 Mid-Year Powerhouse Poll finds that the initial concerns about the COVID-19 pandemic’s impact on multifamily real estate haven’t been realized. Further, Berkadia mortgage bankers and investment sales experts agree that although activity may not return to “normal” until 2021, opportunities still exist at present.
Despite early concerns, 55% of respondents agree that current market activity is better than they’d initially expected. The online survey of nearly 150 Berkadia team members was conducted in early July.
“COVID-19 continues to have a profound impact on our economy, and while no industry is immune, we have been buoyed by the resiliency of commercial real estate, including steady rent collections and continued deal activity,” said Ernie Katai, head of production at Berkadia.
Berkadia professionals’ sense of the timeline of recovery aligns with that of investors, as well. The firm’s Apartment Investor Sentiment Survey shows increased confidence in the multifamily market over time.
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