As Rent Spike Grabs Governments’ Attention, Multifamily Investors Brace For Regulation

Costco-Santa-Fe-Mexico-City-2

“Opening late last year and spanning more than 524,000 square feet including the main shopping area and a three-level parking structure, Santa Fe’s park-supporting Costco Wholesale location is one of the latest—and reportedly largest—Mexican outposts for the warehouse club-style big-box retailer headquartered in suburban Seattle. It’s also arguably the most inconspicuous and lush—yes, lush—Costco in the world.”

Soaring rents across the country have kept the outlook for multifamily owners bright, but they could soon become a double-edged sword as politicians sharpen their focus on housing affordability and are increasingly proposing regulations that would cap rent growth.