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Apartment-Building Sales Drop 74%, the Most in 14 Years

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Apartment-Building Sales Drop 74%, the Most in 14 Years

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This copy is for your personal, non-commercial use only. Distribution and use of
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https://www.wsj.com/articles/apartment-building-sales-drop-74-the-most-in-14-years-9a80aa48

 1. Real Estate
    
    --------------------------------------------------------------------------------

 2. Property Report


APARTMENT-BUILDING SALES DROP 74%, THE MOST IN 14 YEARS


INTEREST-RATE INCREASES AND BANKING UPHEAVAL PUSH DOWN DEMAND FOR MULTIFAMILY
BUILDINGS

By

Will Parker


Updated April 4, 2023 12:37 pm ET

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Sales of rental apartment buildings are falling at the fastest rate since the
subprime-mortgage crisis, a sign that higher interest rates, regional banking
turmoil and slowing rent growth are undercutting demand for these buildings.

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