The Shifting Contours of New Supply
This year, the number of new units is expected to decline from its 2024 peak but will still be substantial relative to historic norms.
-
-
A Year in Review: 2024 Average Occupancy
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…
-
A Year in Review: 2024 Apartment 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…
-
Exploring Violin Plots with Rent Growth Data
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….
-
Top 10: Average Effective Rent Growth
Rent growth has been muted this year, but some markets have managed impressive gains over the last twelve months.
-
Market Spotlight: Greater Orlando
The Sunbelt region continues see new supply overshadow a notable recovery in apartment demand. One market deserving of attention is Orlando.
-
Top 10: New Units Delivered
Elevated new supply continues to play a dominant role in industry performance. Here are the top markets nationally in new units delivered.
-
Top 10: Market Net Absorption
2024 apartment demand has shown robust improvement over last year, but challenges remain – not least an unrelenting construction pipeline.
-
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.
