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    AI News Releases Oct 28, 2021

    As Urban Areas Experience Strong Multifamily Demand, the Sector is Expanding to the Suburbs and Beyond: Valuation Magazine

    With most urban areas experiencing positive rent growth and strong demand, the multifamily sector is now seeing expansion to the suburbs and beyond, according to an article in Valuation magazine’s third quarter 2021 issue.

    Valuation magazine is a quarterly publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

    The newest issue’s cover story, “Multipurposed to the Max,” discusses howthe multifamily sector, with a few exceptions, is booming as renters nationwide reconsider their needs for space, amenities, location and lifestyle. 

    Read“Multipurposed to the Max” inValuation magazine’s third quarter 2021 issue.

    Also in this issue:

    “Out of Office” dives into appraisers' thoughts on the drastic and sudden changes in demand for office properties brought on by COVID-19. Has the pandemic rendered office property comparables useless? 

    Stay connected with the latest news from the Appraisal Institute on Facebook, X, LinkedIn, YouTube and Instagram.
     

    The Appraisal Institute is the leading professional association of real estate appraisers. The Appraisal Institute’s Code of Professional Ethics and Standards of Professional Practice comprise requirements for ethical and competent practice, and advance equal opportunity and nondiscrimination in the appraisal profession. The Appraisal Institute’s work includes an array of professional education and advocacy programs, and stewardship of the highest level professional credentials in residential and commercial real estate appraisal.