Apartment Demand Improved in August
After struggling earlier in the summer, national net absorption took a major step in a positive direction in August.
After struggling earlier in the summer, national net absorption took a major step in a positive direction in August.
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.
Raleigh-Durham has been a prime example of a high in-migration market in recent years and has the new construction pipeline to match.
National net absorption in the first quarter marked an improvement from previous quarters, but not all was roses.
Tepid demand and an active construction pipeline have coincided and created downward pressure on both occupancy and rent.
It has been a fairly challenging winter for the multifamily industry, and it has been Gateway markets that have been slightly more resilient.
Multifamily performance in Dallas – Fort Worth has had a rougher go of it over the last year, and particularly in recent months.
With spring quickly approaching, the typically softer portion of the calendar is coming to an end for the multifamily industry.