Multifamily Real Estate Insights Podcast
The Real Estate Multifamily Insights Podcast is your trusted source for news, strategies, expert interviews, and actionable tips to grow your wealth through multifamily real estate, in Canada and beyond. Hosted by seasoned investor Sandy Mackay.
Multifamily permits down 23% nationally — but North Port, Cape Coral shine
In this episode, Sandy MacKay provides an introduction and overview of multifamily real estate trends emerging in the post-pandemic landscape. He examines recent trends and factors influencing the issuance of multifamily unit permits, shedding light on the dynamics at play in the current market. Sandy also identifies opportunities in localized growth areas, offering insights into where investors might focus their attention for potential gains. This episode provides listeners with a concise analysis of the multifamily real estate sector's evolving trends and opportunities.
Key Points
- Permits for multifamily units have plummeted by 23 percent nationwide post-pandemic.
- North Port, Florida, and Cape Coral are seeing a promising trend with the highest permits issued per 10,000 people, contrasting the national decline.
- Oversupply in Sunbelt states post-pandemic has led to falling rents and high borrowing costs, making new developments less attractive.
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Transcript
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