Q2 2021 REIT Cap Rate Perspective: The Costal Recovery

June 2021

People walking on a street

This quarter, we are sharing insights on the resilience of coastal gateway cities as evidenced by the multifamily housing sector. Here we are seeing marked improvements in real estate fundamentals, signaling a return to pre-COVID rent and occupancy levels and an upturn in NOI growth and cap rate expansion. As we always believed, cities are poised to once again thrive in a post-pandemic world.