Multifamily National Outlook – Spring 2025
May 15, 2025 · Thursday, 10:00 AM PT
Webinar Materials
Multifamily fundamentals in Q1 2025 and entering Q2 have been holding up well, with demand absorbing new supply amid modest rent growth.
Administration actions across a wide range of issues have “thrown the deck of cards up in the air”; trade/tariffs/de-globalization, government employment and spending, government spending on universities, immigration, as well as emerging actions on taxes, deregulation, energy and housing.
There’s a lot in play; let us help you sort it all out:
Industry experts Jeff Adler and Paul Fiorilla offer strategic insights on the current state of the multifamily market. The program covers:
- The current state of the economy with a focus on GDP growth, inflation, interest rates, demographics, employment, the administration’s policy mix and paths forward
- An overview of multifamily fundamentals, affordability and forecasts, including supply, occupancy and rents
- A deep dive into alternative investment themes in the U.S. multifamily industry:
- How are core markets recovering?
- When will the large Sun Belt/Mountain West markets turn upward?
- How is “re-industrialization” beginning to play out?
- What is the next round of “emerging markets”?
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.