SAN FRANCISCO, CA -- Brian Sykes, Boston-based SVP of Capital One Multifamily Finance, reviewed the findings of surveyed multifamily industry participants at the RealShare Apartments conference to assess market sentiment for the coming year.
“What is the one topic that keeps you up at night?” More people named global uncertainty (34 percent) than interest rates rising (23 percent). Sykes added, "I think we’ve come to think of Treasuries in the 2 percent range as normal. Clearly, when it comes to interest rates, we need to recalibrate our expectations."
That is about to change. Expect higher interest rates as the new normal.