New Construction Multifamily Outlook – Peter Ferramosca

Peter Ferramosca is a Senior Consultant at CoStar Advisory Services, the consulting arm of CoStar Group, the world’s leading provider of commercial real estate data and analytics. He works with leading institutional real estate market participants to provide bespoke investment advice, custom analytics work, and deal support, in addition to publishing independent research on the U.S. commercial real estate market.

Peter began his career in real estate as a researcher at CoStar, where he conducted market research on the Phoenix and Dallas markets and gained foundational experience in analyzing real estate and economic trends. He graduated from the University of Virginia with a bachelor’s degree in Economics, and he is currently pursuing a master’s degree in Real Estate Finance from Georgetown University.

Peter grew up in Richmond, Virginia, and he currently resides in Boston, Massachusetts

In this episode, Peter talks about new ground up development for multifamily and trends investors should pay attention to. He shares his predictions regarding new construction plans for smaller units due to the high cost of construction right now. Peter talks about the supply/demand forces at play in the current economy. He sheds light on the trends surrounding new development multifamily vs value add multifamily and well as notable trends in the single family market.

Connect with Peter:

Email: pferramosca@costar.com

Partner with us: www.takeoffcapital.co

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