According to a recent report by Institutional Property Advisors (IPA), the multifamily sector in the Bay Area continues to be an attractive option for investors. Despite concerns about the region’s economic challenges, there is strong evidence supporting its investment appeal and potential for performance. IPA’s first VP and national director of research services, Greg Willett, emphasizes that key indicators such as employment levels surpassing pre-pandemic numbers, high single-family home prices, and limited supply of new apartments all point towards a robust multifamily market in the Bay Area.
The report also addresses affordability concerns by noting that while nationally there is a record $1,291 per month gap between buying a median-priced single-family home versus renting an average apartment; this gap increases significantly to $4,800 per month in East Bay and $9
