Third Quarter: Demand Slowed, but Rents Continued Their Climb
Multifamily has roared back in 2021, and even as demand cooled some in the third quarter, rent growth continued to accelerate.
Multifamily has roared back in 2021, and even as demand cooled some in the third quarter, rent growth continued to accelerate.
2021 has seen historic rent growth, but September marked the first real slowdown in apartment demand and rent growth since the spring.
The new construction pipeline has already delivered nearly 250,000 new units this year, but construction times continue to rise.
Senior Market Analyst, Jordan Brooks, shares final thoughts on the August 2021 newsletter article, Concessions Continue Their Retreat.
Larger properties are leading the multifamily rebound, but are not exclusively responsible for this year’s huge numbers.
Despite persistent challenges, the construction pipeline continues to deliver new units at a torrid pace.
Senior Market Analyst, Jordan Brooks, shares final thoughts on the August 2021 newsletter article, Concessions Continue Their Retreat.
With the NAA Apartmentalize conference right around the corner, it’s a great time to check in on the host city of Chicago.
The demand rebound that began last year has led to dazzling 2021 rent gains. Another part of the story has been lease concessions.