Multifamily properties made up 75% of New York City’s rental market. Large multifamily was concentrated in Manhattan, while small multifamily was more evenly distributed among the five boroughs.

Single-family rental residents have enjoyed a rise in national rental affordability during this cycle, with rents as a share of household income declining.

Arbor Realty Trust has created the Arbor Small Multifamily Price Index (ASMPI), in partnership with Chandan Economics, to provide new and important data on the small multifamily market that can help shed light on potential investment opportunities in the sector.

Millennial STEAM workers’ preference for small and large multifamily appears to be explained less by absolute income level differences, and more by a variety of personal preferences.

In the fourth installment of this new video series from Arbor and Chandan Economics, we take a look at which sectors are facing challenges finding qualified employees and how this impacts the multifamily sector.

SFRs have emerged as a significant source of construction demand during this cycle. Since the last recession, the number of construction starts is up by more than 55%.