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.
A Year in Review: 2024 Average Occupancy
The final installment of the ongoing series looking back at various facets of multifamily demand last year is average occupancy. As already discussed, improved apartment demand in 2024 was insufficient to offset generational new supply. This ongoing imbalance was a headwind to rent growth – although it too showed improvement from 2023. The mechanism by which the supply and demand…
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.
Negative Rent Growth on the Way
Apartment demand remains encouraging but rent growth has begun to trend downward from its second quarter peak.
January Multifamily Performance Was a Step in the Right Direction
With spring rapidly approaching, now makes for an opportune time to evaluate how the winter period has played out.
Market Spotlight: Minneapolis – St. Paul
As with other markets in the region, Minneapolis – St. Paul has enjoyed relatively solid demand and less new supply pressure so far this year.
Large Markets Lead the Recent Rent Declines
Tepid demand and an active construction pipeline have coincided and created downward pressure on both occupancy and rent.
Market Spotlight: Dallas-Fort Worth
Multifamily performance in Dallas – Fort Worth has had a rougher go of it over the last year, and particularly in recent months.