Demand Has Cooled from Its Summer Peak, but Remains Elevated
Apartment demand has cooled off compared to earlier in the year, but monthly absorption remains higher than anything seen in recent years.
Apartment demand has cooled off compared to earlier in the year, but monthly absorption remains higher than anything seen in recent years.
For a second straight month, national rent growth slowed. Even so, October marked seven consecutive months with a monthly gain above 1%.
In what has been a remarkable bounce back year for multifamily, the DFW market has been the leader in both new supply and apartment demand.
Senior Market Analyst, Jordan Brooks, shares final thoughts on the October 2021 newsletter article, Third Quarter: Demand Slowed, but Rents Continued Their Climb.
Apartment demand slowed some in the third quarter, but rent growth increased. Here are the top five markets for rent growth in the quarter.
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.