Multifamily National Outlook – Fall 2025
October 16, 2025 · Thursday, 10:00 AM PT
Webinar Materials
Multifamily demand has remained strong throughout the year, but there are a number of cross-currents present. Consumer budgets are tightening from rising costs and a softening job market, tariffs have been less inflationary than expected, but price increases may still come as they move through supply chains, and only modest benefits from the predicted upcoming rate cuts create mixed near-term conditions.
Industry experts Jeff Adler and Paul Fiorilla offer strategic insights on the current state of the multifamily market. The program covers:
- An overview of the current economic environment, including inflation, interest rates, demographics, employment, the administration’s policy mix and paths forward
- A deep dive into multifamily fundamentals, including rents, occupancy, supply, transactions, income, expenses and forecasts
- A review of how our alternative investment themes covered in our spring webinar have shaken out so far
- An outlook for what’s to come in 2026
There’s a lot in play; let us help you sort it all out.
Speakers
Jeff Adler is Vice President, Yardi® Matrix, which offers the industry’s most comprehensive market intelligence service for US Multifamily (Conventional & Affordable), SFR BTR, Student, Self-Storage, Office, Industrial, Retail, and Vacant Land asset types. Prior to joining Yardi in 2014 , Mr. Adler held positions at AIMCO, Progressive Insurance, Oppenheimer & Co. and Strategic Planning Associates Inc., among others.
Paul Fiorilla is Director of Research at Yardi Matrix, where he oversees national and metro outlooks and white papers on industry trends. With 25+ years in the industry, his background spans CMBS and CRE capital markets coverage at Commercial Mortgage Alert and investment research at Prudential Real Estate Investors (now PGIM). He serves as volunteer Editor in Chief of the CRE Finance Council magazine and contributes regularly to publications by AFIRE, NAREIM, Institutional Investor, CREFC and PREA.