Despite Volatility, 2025 Off to Strong Start
The last three months have been encouraging for the multifamily industry and provide some early cause for cautious optimism looking forward.
Apartment Demand Faltered in January
Just one month into the new year, there are already interesting developments occurring in multifamily performance.
Setting Expectations for 2025 Multifamily Performance
2024 was a key step in the right direction for the multifamily industry. In the face of historic new supply pressure, the decline in national average occupancy was smaller than in 2022 or 2023. Net absorption showed robust annual improvement for a second straight year. Average effective rent growth for new leases more than doubled…
Apartment Demand Was a Positive in 2024
Incredibly, another year is about to be in the books. The massive quantity of new multifamily supply this year was arguably the headline metric for 2024. Right behind, though, would be the substantial improvement in apartment demand. This year continued an upward trend that began in 2023, but on a more impressive scale. All numbers…
A Closer Look at Rent Growth in 2024
With the end of the year rounding into view, it is a perfect opportunity to spend some time evaluating recent rent performance.
An Encouraging Third Quarter for Multifamily
Despite remaining challenges, the third quarter featured some reasons for encouragement in the industry performance data.
Uneven Performance Between Price Classes
2024 has been an interesting year for the multifamily industry, and there have been some interesting developments at the price class level.
Latest Growth Cycle Beginning to Wind Down
The level of new supply the industry has seen over the years has been nearly unprecedented, and like nothing seen in almost a half-century.
Steady Improvement at the Halfway Mark of 2024
Multifamily performance trends stabilized last year after volatility from 2020 to 2022, and 2024 has largely followed expected trajectories.