Negative Rent Growth for Efficiency Units
The summer months saw a return to normalcy for multifamily demand, but not rent growth. Rent performance differed across floorplan types, with efficiency units being hardest hit.
The summer months saw a return to normalcy for multifamily demand, but not rent growth. Rent performance differed across floorplan types, with efficiency units being hardest hit.
Jordan Brooks, Market Analyst at ALN, recently participated in a Biznow Webinars panel discussion considering investment prospects for Class B multifamily.
More insight into the final thoughts on the September 2020 newsletter article, Zeroing in on Apartment Demand.
Apartment demand at the national level continues to look grim, but that does not tell the whole story. This month, we look under the hood to better understand this new environment.
Around one-third of markets have managed to remain in positive territory for average occupancy and rent growth, Boise being one example. Let’s take a closer look at recent multifamily performance for the area.
Though apartment demand is down considerably from 2019, there has been a shift in the last three months. Today we look at markets that have exhibited the strongest demand from June through August.