Top 5: 2023 New Supply (So Far)
The industry is in the midst of a new supply boom that will continue through 2024, Here are the top markets for 2023 deliveries – so far.
The industry is in the midst of a new supply boom that will continue through 2024, Here are the top markets for 2023 deliveries – so far.
After struggling earlier in the summer, national net absorption took a major step in a positive direction in August.
Senior Market Analyst, Jordan Brooks, shares final thoughts on the August 2023 article, The Bottom for Occupancy Not Yet in Sight..
After an incredible climb between March & November of 2021, national multifamily average occupancy is now in the midst of a two-year decline.
As with other markets in the region, Minneapolis – St. Paul has enjoyed relatively solid demand and less new supply pressure so far this year.
Rent growth has experienced a sharp deceleration in 2023, but not all markets struggled to capture gains in the first half of the year.
Senior Market Analyst, Jordan Brooks, shares final thoughts on the July 2023 article, A Bumpy First Half of the Year Comes to a Close.
The halfway point of the year has now come and gone, making July a perfect time to pause and evaluate how 2023 has played out so far.
After seeing steady improvement throughout the spring months, national multifamily demand faltered in June.