Apartment Demand Ticked Up in March
National net absorption in the first quarter marked an improvement from previous quarters, but not all was roses.
National net absorption in the first quarter marked an improvement from previous quarters, but not all was roses.
Tepid demand and an active construction pipeline have coincided and created downward pressure on both occupancy and rent.
Senior Market Analyst, Jordan Brooks, shares final thoughts on the March 2023 article, Exploring Gateway and Sunbelt Multifamily Performance.
It has been a fairly challenging winter for the multifamily industry, and it has been Gateway markets that have been slightly more resilient.
Multifamily performance in Dallas – Fort Worth has had a rougher go of it over the last year, and particularly in recent months.
With spring quickly approaching, the typically softer portion of the calendar is coming to an end for the multifamily industry.
Senior Market Analyst, Jordan Brooks, shares final thoughts on the February 2023 article, US Rent Growth Changed Trajectory in January.
After two consecutive months in negative territory, national average effective rent change in January managed to get back to zero.
Not just Sunbelt markets could be feeling pressure from new supply in 2023, and the challenge will also not be limited to primary markets.