The second half of 2025 has arrived and there has been plenty of action in the multifamily industry so far this year. In addition to checking in on the various performance metrics at mid-year, now makes for an opportune time to return to the January newsletter. That month we laid out expectations for 2025. Now,…
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…
This year’s opening quarter included multiple interesting developments that will have ramifications for multifamily performance as 2025 unfolds. Outside the industry, in just the first few days of April, seismic U.S. trade policy changes are just beginning to make their early impact felt. As has been the case for the last handful of years, there…
With the end of the year rounding into view, it is a perfect opportunity to spend some time evaluating recent rent performance.
Despite remaining challenges, the third quarter featured some reasons for encouragement in the industry performance data.
2024 has been an interesting year for the multifamily industry, and there have been some interesting developments at the price class level.
Multifamily performance trends stabilized last year after volatility from 2020 to 2022, and 2024 has largely followed expected trajectories.
New multifamily deliveries will continue to drive industry performance this year because demand is not expected to catch up with supply.
Broad improvement in demand within stabilized properties has materialized in recent months – but supply will remain a challenge.
