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.
Apartment Demand Improved in August
After struggling earlier in the summer, national net absorption took a major step in a positive direction in August.
Market Spotlight: Minneapolis – St. Paul
As with other markets in the region, Minneapolis – St. Paul has enjoyed relatively solid demand and less new supply pressure so far this year.
Top 5: Average Effective Rent Growth
Rent growth has experienced a sharp deceleration in 2023, but not all markets struggled to capture gains in the first half of the year.
Market Spotlight: Raleigh-Durham
Raleigh-Durham has been a prime example of a high in-migration market in recent years and has the new construction pipeline to match.
Apartment Demand Ticked Up in March
National net absorption in the first quarter marked an improvement from previous quarters, but not all was roses.
Large Markets Lead the Recent Rent Declines
Tepid demand and an active construction pipeline have coincided and created downward pressure on both occupancy and rent.
Exploring Gateway and Sunbelt Multifamily Performance
It has been a fairly challenging winter for the multifamily industry, and it has been Gateway markets that have been slightly more resilient.
Market Spotlight: Dallas-Fort Worth
Multifamily performance in Dallas – Fort Worth has had a rougher go of it over the last year, and particularly in recent months.