Multifamily Most Resilient Property Sector to Recessions
March 7, 2019
U.S. multifamily property rents declined less than those of office and industrial properties during the 2001 economic recession and their growth rate was considerably higher post-recession.
During the 2008-2009 recession, multifamily rents were more resilient than those of office, industrial and retail.
Multifamily rents have outperformed those of the other major property sectors during and after the 2008-2009 recession in three ways. The sector experienced the lowest level of rent decline, the fastest recovery to pre-recession peaks and the longest post-recession period of rent growth.