The longevity of the current cycle and the growth of new developments on multifamily, self storage and industrial sectors does not mean that the market has reached a peak. According to the latest Yardi Matrix Research, fundamentals in those sectors remain strong and the demand for those assets is still robust for 2019.
Despite some crosswinds, largely positive trends are sustained in the market, as the strong shift from ownership to renting due to 2017 tax reform and unemployment rate reaches historical lows. Offices, co-working space and multi-family sectors will be benefit. Flexibility of space and adoption of new technologies will be the keys to maintaining sustainable buildings and future-proof projects.
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