Takeaways Episode 23
Senior Market Analyst, Jordan Brooks, shares final thoughts on the June 2022 article, Class A Shows Resilience
Senior Market Analyst, Jordan Brooks, shares final thoughts on the June 2022 article, Class A Shows Resilience
Shifting market conditions for the multifamily industry can be clearly seen in how stabilized properties have fared so far this year.
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.