Rent Growth Has Decoupled from Apartment Demand
In the face of declining apartment demand and increasing macroeconomic headwinds, apartment rent growth has regained steam in recent months.
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.
Despite rent growth continuing unabated, Q1 2022 marked the first time since the start of the industry recovery that demand underperformed.
Property manager turnover volume was up in Q1, here are the top five markets for manager changes in the period.
Strong rent growth continued in March at the national level, but so did a more recently developed trend – declining apartment demand.
One of the leaders in rent growth over the last year has been the Tampa market, and it appears those gains are beginning to pressure demand.
Senior Market Analyst, Jordan Brooks, shares final thoughts on the March 2022 newsletter article, Clouds Gather on the Multifamily Horizon.