A more detailed analysis of multifamily performance in the first quarter will be the subject of the forthcoming ALN newsletter for April. In broad strokes, new supply continued its surge, apartment demand cooled, and rent growth picked up. One area below the national level in which some clear differences emerged was price class performance. All…
This year, the number of new units is expected to decline from its 2024 peak but will still be substantial relative to historic norms.
The final installment of the ongoing series looking back at various facets of multifamily demand last year is average occupancy. As already discussed, improved apartment demand in 2024 was insufficient to offset generational new supply. This ongoing imbalance was a headwind to rent growth – although it too showed improvement from 2023. The mechanism by which the supply and demand…
Next up in the current series looking back at 2024 multifamily performance is apartment demand. If you missed it, be sure to catch up on the article detailing last year’s new supply. All numbers will refer to conventional properties of at least fifty units. Additional market-specific information is available for free when you sign up to…
A violin plot is an interesting way to visualize quite a bit of information on the same chart, but it also isn’t as intuitive as other types of charts. I thought it might be worthwhile to walk through one looking at average effective rent growth across markets of various sizes from the last twelve months….
Rent growth has been muted this year, but some markets have managed impressive gains over the last twelve months.
The Sunbelt region continues see new supply overshadow a notable recovery in apartment demand. One market deserving of attention is Orlando.
Elevated new supply continues to play a dominant role in industry performance. Here are the top markets nationally in new units delivered.
2024 apartment demand has shown robust improvement over last year, but challenges remain – not least an unrelenting construction pipeline.
