National Absorption Improving, But Remains Low
National net absorption has been on the upswing in recent months, but demand remains low relative to longer term norms.
National net absorption has been on the upswing in recent months, but demand remains low relative to longer term norms.
Last week was the highly anticipated 2023 TAA ONE Conference & Expo in Fort Worth, and Team ALN had an amazing time! We had an action-packed few days, filled with education sessions, networking opportunities, and even a special encounter with a certain Hollywood star. The team kicked off our conference experience with a “bang” at…
Multifamily rent growth finally lost some steam in recent months, long after apartment demand had cooled. But, the change has not been uniform.
The third quarter brought into focus the changed environment for multifamily. What can price class performance tell us about affordability?
For the first half of 2022, multifamily was still benefitting from the effects of a historic 2021 – that changed in the third quarter.
2022 is already another year of dramatic changes for the multifamily industry. Last year’s rent growth has persisted, but demand has not.
Rent growth continues to be strong across the price classes, but the slump in apartment demand is equally widespread.
Despite rent growth continuing unabated, Q1 2022 marked the first time since the start of the industry recovery that demand underperformed.
Strong rent growth continued in March at the national level, but so did a more recently developed trend – declining apartment demand.