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.
It has been a fairly challenging winter for the multifamily industry, and it has been Gateway markets that have been slightly more resilient.
After two consecutive months in negative territory, national average effective rent change in January managed to get back to zero.
It’s a new year, but some of the challenges for the multifamily industry that played a role in 2022 have come along for the ride.
Persistently low demand and a very active construction pipeline have combined to send national average occupancy to its pre-pandemic level.