With operating expenses still elevated and transaction volume lower than usual despite recent signs of life, improvement in the rent growth environment would be a welcome sight. Average effective rent growth for new leases rose 3.3% nationally over the last twelve months. That rate of appreciation more than tripled the gain from the previous twelve-month…
Watch the replay from the ALN Apartment Data live webinar “ALN National Data Briefing: Trends Shaping Multifamily”
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…
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…
A more detailed analysis of multifamily performance in the first quarter will be the subject of the forthcoming ALN newsletter for April. In broad strokes, new supply continued its surge, apartment demand cooled, and rent growth picked up. One area below the national level in which some clear differences emerged was price class performance. All…
National effective rent growth was negative in January, but there may be reason for optimism as spring approaches.
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.
After trending downward since early summer, monthly national average effective rent growth turned negative in September.
