CBRE: Low Vacancies Forecast for Small Multifamily Properties

According to a study by CBRE, small multifamily properties (which it defines as fewer than 50 units) are “enjoying favorable market conditions”.

The firm found that a little more than 600,000 small multifamily properties made up the total inventory of Los Angeles — but that vacancies were 1.3 percent (Q4 2018) and 1.2 percent (Q4 2017). It also forecasts low vacancies for the next few years.

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