An Updated Rundown on Rent Growth
Rent growth has garnered huge attention over the last 18 months, and rightly so. But, has its trajectory finally started to change?
Rent growth has garnered huge attention over the last 18 months, and rightly so. But, has its trajectory finally started to change?
2022 is already another year of dramatic changes for the multifamily industry. Last year’s rent growth has persisted, but demand has not.
Rent growth continues to be strong across the price classes, but the slump in apartment demand is equally widespread.
In the face of declining apartment demand and increasing macroeconomic headwinds, apartment rent growth has regained steam in recent months.
Despite rent growth continuing unabated, Q1 2022 marked the first time since the start of the industry recovery that demand underperformed.
2021 was a great year for multifamily, and there are reasons to be optimistic about 2022. However, headwinds are growing for the industry.
After a year of incredible apartment demand fueled double-digit rent growth in 2021, demand cooled in January beyond typical seasonal effects.
2021 was a historic year for multifamily, and in this month’s newsletter we take a final look before turning the page to 2022.
Significant challenges have not prevented the construction pipeline from delivering more new units this year than in recent full years.