Share
Opportunities abound for sales in the multifamily housing market, particularly the senior housing sector, according to commercial real estate experts polled for DLA Piper’s 2023 Mid-Year Real Estate Trends Report, which analyzes the views of CRE leaders on their outlook for various asset classes and investment markets. The industrial sector, including logistics hubs, warehouses and cold storage facilities, also continues to shine, the report says.
While lingering inflation, high interest rates and maturing loans have made commercial real estate investors and lenders cautious—translating into a significant reduction in transaction volume and a reduction in value for many asset classes—several regions are thriving, the report says. The most active markets include Boston, Florida and Washington, D.C.
Apartment complexes, student housing and mobile home communities drive a sizable portion of the law firm’s acquisition and disposition work. The group also saw an increase in retail, hotel and data center deals in the first half of the year.
In addition to acquisitions and dispositions, DLA Piper’s clients continue to see steady activity in leasing, land use and permitting, and joint ventures.
The survey data reflect 675 purchase and sale agreements and more than 200 property management agreements.