Does appreciation % reduce with the number of units?

[Manshi M.]

Would the rate at which a 2 - 4 unit property appreciate be more than a 20 unit property in the same area? I presume that there would be a lot of buyers with an appetite to buy a 2 unit property (i.e high demand) but the pool of investors would be lesser for large multifamilies (i.e. low demand) and as such, the large multifamilies would appreciate at a lesser rate. Can you please share your thoughts?