Class A Shows Resilience
Rent growth continues to be strong across the price classes, but the slump in apartment demand is equally widespread.
Rent growth continues to be strong across the price classes, but the slump in apartment demand is equally widespread.
Apartment demand has softened considerably for the Houston market compared to last year, but strong rent growth has persisted so far.
National monthly average effective rent growth was above 1% again in May, but cracks in momentum may be emerging.
Senior Market Analyst, Jordan Brooks, shares final thoughts on the April 2022 newsletter article, Q1 Brought a (Somewhat) New Reality for Multifamily.
One of the markets in which apartment demand has been resilient so far this year relative to the national cool down has been Orlando.
In the face of declining apartment demand and increasing macroeconomic headwinds, apartment rent growth has regained steam in recent months.
Even with continued difficulties for new construction, more than 100,000 new units were delivered across the US through April.
National average occupancy and rent growth continued to look strong in April, but a continued decline in apartment demand is the story.
Senior Market Analyst, Jordan Brooks, shares final thoughts on the April 2022 newsletter article, Q1 Brought a (Somewhat) New Reality for Multifamily.