Multifamily Markets

According to MSCI's Capital Trends US Distress Tracker, U.S. commercial property distress reached $94.2 billion in Q2 2024, up $2 billion from Q1. Q2 2024 saw $10.6B in new distress, with $8.6B resolved. Office properties lead in distress, accounting for $41B, followed by retail at $21.8B. The apartment sector faced $14B in distress, while the hotel and industrial sectors experienced $13.3B and $1.7B, respectively.

2024 Market Cycle: Majority (63%) of markets are in hypersupply