Apartment demand has surprised to the upside this year, and this has allowed average occupancy to begin its recovery a bit ahead of schedule. While many of the usual suspects appear at the top of the rankings for market-level absorption, there are a couple of areas less accustomed to being there. In order to provide…
The multifamily market enters late 2025 at a clear turning point. Robust leasing activity lifted average occupancy for the first time since 2021, giving rent growth a modest but welcome boost. Yet a sharp slowdown at the start of the fourth quarter has cast doubt on whether 2025’s gains will ultimately outpace 2024. All numbers…
Multifamily rent performance has been getting a lot of attention lately, and rightfully so. After showing some improvement through most of the year on the back of an improved supply and demand environment, rent growth stumbled in October. The upcoming ALN monthly newsletter for November will cover the rent performance picture in more detail. In…
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Although improved net absorption was anticipated for 2025, the scale of the growth in realized apartment demand has been surprising. Strong demand and tapering new supply have accelerated the multifamily recovery timeline. Average occupancy gains have materialized on a widespread basis this year rather than in 2026 when that dynamic was expected to occur. There…
The impact of two developments for the multifamily industry this year has been widely felt. One has been the beginning of a slowdown in new supply after its 2024 peak. That slowdown was anticipated, and its scale has largely played out to expectations. The other is a rise in apartment demand. Though further improvement after…
Budget season is more than a financial checkpoint. It is a moment for leadership. For multifamily executives, this annual planning period offers the chance to align portfolio strategy with operational realities, communicate priorities across departments, and set the direction for long-term growth. Decisions made now will influence capital allocation and competitive positioning in the year…
A major story this year for the multifamily industry has been the considerable increase in net absorption. The industry saw year-over-year improvement in 2023 and in 2024, but the multi-year uptrend has gained steam this year. One interesting aspect has been what has occurred at the price class level. All numbers will refer to conventional…
Apartment demand has exceeded expectations this year, with clear effects across other industry metrics. New supply has started to recede from its 2024 peak as anticipated, but higher-than-expected net absorption has moved up the timeline for occupancy recovery. All numbers will refer to conventional properties of at least fifty units. Strongest Summer Since 2021 April…
