Is anyone else seeing a slowing in the Multifamily markets due to project financing and construction costs?

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Yes, my office has had several large scale 300+ unit multifamily projects go on hold. I’m also seeing less early/feasibilty studies come across me desk. Hoping this doesn’t last too long.

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yeah multi family and offices are both kinda on hold rn

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Yes, due to high interest not many people are interested in buying a home

No slowdown for us, at least not yet. Though much of our work is in senior housing and affordable housing. There’s always strong demand for senior housing and assisted living, and affordable housing is less dependent on interest rates. In fact it can often benefit from higher interest rates, as the projects are often financed by selling bonds.

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Good insight. Thank you

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