Decoding Multifamily Demand and Rent Correlations
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Decoding Multifamily: Demand and Rent Correlations

The link between demand and rent growth shapes investment and management decisions in multifamily. Rolling correlation analysis, which tracks this relationship over a 12-month window, can reveal dynamic market shifts. Using data from July 2017 to July 2025, we analyzed national trends and four illustrative markets – Nashville, New York (NYC), Chicago, and Detroit. Understanding…

Featured image for 2025 May Newsletter called Culmination of Multiyear Demand Trend Beginning to Unfold
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Culmination of Multiyear Demand Trend Beginning to Unfold

2025 has gotten off to an unusually volatile start for apartment demand on a month-over-month basis. Despite these early fluctuations, longer-term trends are uniformly positive. Both over the last twelve months, and year-to-date through April, national net absorption has continued along an upward trajectory that began in 2023. Encouragingly, the continued improvement has been widespread…

A Closer Look at Improved Rent Performance
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A Closer Look at Improved Rent Performance

Average effective rent growth for new leases has shown strong improvement over the last year. After peaking out a modest 0.9% gain in the previous twelve-month period, the national average effective rent has grown by 3.5% over the last twelve months. Below the national average, some important distinctions have emerged. All numbers will refer to…