One theme of 2024 multifamily performance was that improvement was achieved but with further ground to gain. One metric that typified this theme was rent growth. After a dismal year in 2023, average effective rent growth for new leases took a major step in the right direction last year. All numbers will refer to conventional…
The Sunbelt region continues see new supply overshadow a notable recovery in apartment demand. One market deserving of attention is Orlando.
Apartment demand remains encouraging but rent growth has begun to trend downward from its second quarter peak.
Was apartment demand well below average in 2023 or did the year see a big bounce back? The answer is some of both.
With full December data not quite available, here is a look at the most expensive markets and least expensive markets to end November.
The San Francisco – Oakland market has been a top-performer this year among multifamily markets thanks in part to a slowdown in deliveries.
As with other markets in the region, Minneapolis – St. Paul has enjoyed relatively solid demand and less new supply pressure so far this year.
Rent growth has experienced a sharp deceleration in 2023, but not all markets struggled to capture gains in the first half of the year.
National net absorption has been on the upswing in recent months, but demand remains low relative to longer term norms.
