How Did Multifamily Fare This Winter?
With spring quickly approaching, the typically softer portion of the calendar is coming to an end for the multifamily industry.
Market Spotlight: Charlotte
Like many high-growth markets, Charlotte suffered from lower apartment demand and an active construction pipeline in 2022.
National Rent Growth Finally Turned Negative in November
Rent growth finally succumbed to the gravity of negative net absorption in November after months of steady declines.
Market Spotlight: Tampa
Tampa was at the forefront of the multifamily recovery last year and has similarly typified the challenges of the new environment.
More Markets Show Moderating Rent Growth
National average effective rent growth has continued its tear so far this year, but July did provide some change at the market level.
Stabilized Properties Feeling the Squeeze
Shifting market conditions for the multifamily industry can be clearly seen in how stabilized properties have fared so far this year.
Market Spotlight: Houston
Apartment demand has softened considerably for the Houston market compared to last year, but strong rent growth has persisted so far.
Rent Growth May Finally Be Losing Some Steam
National monthly average effective rent growth was above 1% again in May, but cracks in momentum may be emerging.
Market Spotlight: Orlando
One of the markets in which apartment demand has been resilient so far this year relative to the national cool down has been Orlando.