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In our Year-End 2008 Multifamily issue of Private Capital
News, we reported on how the glut of new high-end luxury
apartment units would create a trickle-down impact on rents
beginning with condo reversions and leading into the traditional multifamily market across all submarkets and all unit types. Initially, we predicted this trend would gradually unfold during 2009, as unemployment and the larger effects of the national recession would increasingly add pressure to the apartment market. However, and much to our surprise, the pace of unemployment during the fi rst months of 2009 accelerated, with much higher fi gures recorded during February and March.
Contact Crispin Argento at 503.499.0052 for more information.
  April 09 Update High End Luxury.pdf
ATTV44ZK.pdf
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