This month’s ALN newsletter included a look at recent rent growth trends – both nationally and regionally. However, specific market leaders were not included. Markets without the same level of supply pressure as in many across the Sunbelt and Mountain West regions continue to be well represented among rent growth leaders. Especially among primary markets,…
With operating expenses still elevated and transaction volume lower than usual despite recent signs of life, improvement in the rent growth environment would be a welcome sight. Average effective rent growth for new leases rose 3.3% nationally over the last twelve months. That rate of appreciation more than tripled the gain from the previous twelve-month…
The Shift: From Data Access to Strategic Intelligence For many suppliers in the multifamily space, data has traditionally served a tactical purpose: fueling sales outreach, informing prospecting lists, or keeping tabs on management changes. But in today’s competitive landscape, forward-thinking organizations are pushing beyond basic access and using data as a strategic asset. This evolution…
Watch the replay from the ALN Apartment Data live webinar “ALN National Data Briefing: Trends Shaping Multifamily”
2025 has gotten off to an unusually volatile start for apartment demand on a month-over-month basis. Despite these early fluctuations, longer-term trends are uniformly positive. Both over the last twelve months, and year-to-date through April, national net absorption has continued along an upward trajectory that began in 2023. Encouragingly, the continued improvement has been widespread…
Apartment demand has been unusually volatile month-over-month to begin the year. Even so, national net absorption through April was significantly higher than that from 2024. This year is the third consecutive year of improved multifamily demand for this portion of the calendar. In order to provide a clear picture of market leaders in net absorption…
Average effective rent growth for new leases has shown strong improvement over the last year. After peaking out a modest 0.9% gain in the previous twelve-month period, the national average effective rent has grown by 3.5% over the last twelve months. Below the national average, some important distinctions have emerged. All numbers will refer to…
This year’s opening quarter included multiple interesting developments that will have ramifications for multifamily performance as 2025 unfolds. Outside the industry, in just the first few days of April, seismic U.S. trade policy changes are just beginning to make their early impact felt. As has been the case for the last handful of years, there…
A more detailed analysis of multifamily performance in the first quarter will be the subject of the forthcoming ALN newsletter for April. In broad strokes, new supply continued its surge, apartment demand cooled, and rent growth picked up. One area below the national level in which some clear differences emerged was price class performance. All…
