Apartment Demand Ticked Up in March
National net absorption in the first quarter marked an improvement from previous quarters, but not all was roses.
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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.
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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.
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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.
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How Did Multifamily Fare This Winter?
With spring quickly approaching, the typically softer portion of the calendar is coming to an end for the multifamily industry.
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Part 2: New Supply in the Current Demand Environment
Not just Sunbelt markets could be feeling pressure from new supply in 2023, and the challenge will also not be limited to primary markets.
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Part 1: New Supply in the Current Demand Environment
The interplay between new supply and apartment demand will be an issue at the forefront of multifamily performance in 2023.
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Market Spotlight: Charlotte
Like many high-growth markets, Charlotte suffered from lower apartment demand and an active construction pipeline in 2022.
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National Occupancy Returns to Pre-Pandemic Level
Persistently low demand and a very active construction pipeline have combined to send national average occupancy to its pre-pandemic level.
