Another year is in the books, and before jumping fully into 2025, now is a good time to fully digest 2024 multifamily performance. To that end, we will be looking at 2024 performance across the metrics of new supply, apartment demand, average occupancy and average effective rent over the next few weeks. First up is…
New multifamily deliveries will continue to drive industry performance this year because demand is not expected to catch up with supply.
While many markets around the country face continued new supply pressure going into 2024, there are those that are not.
Not just Sunbelt markets could be feeling pressure from new supply in 2023, and the challenge will also not be limited to primary markets.
The interplay between new supply and apartment demand will be an issue at the forefront of multifamily performance in 2023.
With the end of the year approaching, it is time for a check-in on the multifamily new construction pipeline.
Strong in-migration markets over the last few years are well-represented among those with the most active construction pipelines.
The multifamily new construction pipeline continues to grow, but so too does the average construction duration.
Significant challenges have not prevented the construction pipeline from delivering more new units this year than in recent full years.
