Significant Increase in Demand Has Yet to Materialize
Monthly net absorption improved in May, but by a narrow margin. With higher demand but also higher new supply – 2024 is playing out like 2023.
Demand Improving for Stabilized Properties
Broad improvement in demand within stabilized properties has materialized in recent months – but supply will remain a challenge.
Supply Rose in April, Apartment Demand Did Not
New supply increased further in April, but apartment demand was unable to continue the upward trajectory that began in late 2023.
Takeaways Episode 45
Senior Market Analyst, Jordan Brooks, shares final thoughts on the April 2024 newsletter article, Mixed Results to Begin 2024 for Multifamily.
Mixed Results to Begin 2024 for Multifamily
Net absorption tripled from last year, but below recent years’ levels. Rent growth lowest for opening quarter in years.
Continued Demand Improvement in Q1
Apartment demand improved again in the first quarter, continuing a trend of consistent incremental progress since the 2022 trough.
Market Notes | News | Top 10
Top 10: Market Leaders in Recent Rent Improvement
Rent growth in a majority of markets has been positive in recent months. These markets have led the improvement from a year ago.
Takeaways Episode 44
Senior Market Analyst, Jordan Brooks, shares final thoughts on the March 2024 newsletter article, Positive Rent Growth in a Majority of Markets.
Positive Rent Growth in a Majority of Markets
National monthly effective rent growth for new leases has been negative. Rent growth finally returned to the positive in February.