Improvement in Multifamily, but Challenges Remain
Looking ahead, there is reason for optimism for multifamily performance in 2024 as well as potential for further challenges.
Final Look at 2023 Price Class Performance
With 2024 right around the corner, it’s the time of year to take stock of 2023 multifamily performance and what it may portend for next year.
A Comparative Look at New Supply
A primary aspect of multifamily industry performance both last year and this year has been the effect of the new construction pipeline.
A Retrospective on the Third Quarter
As the final quarter of the year begins to unfurl, it does so on the back of the best quarterly demand in multifamily since 2021.
How Have Stabilized Properties Fared This Year?
In the current environment, when the multifamily industry is in the midst of a construction boom of a scale not seen in decades, isolating only stabilized properties for analysis is particularly relevant.
The Bottom for Occupancy Not Yet in Sight
After an incredible climb between March & November of 2021, national multifamily average occupancy is now in the midst of a two-year decline.
A Bumpy First Half of the Year Comes to a Close
The halfway point of the year has now come and gone, making July a perfect time to pause and evaluate how 2023 has played out so far.
Examining Price Class Differences as Low Demand Persists
As of June of 2023, apartment demand remains in the doldrums despite moderate improvement in recent months.
An Update on Rent Growth
With winter in the rearview mirror, so too are the monthly declines in national average effective rent – for the time being.