Rent Growth Has Decoupled from Apartment Demand
In the face of declining apartment demand and increasing macroeconomic headwinds, apartment rent growth has regained steam in recent months.
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Q1 Brought a (Somewhat) New Reality for Multifamily
Despite rent growth continuing unabated, Q1 2022 marked the first time since the start of the industry recovery that demand underperformed.
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Clouds Gather on the Multifamily Horizon
2021 was a great year for multifamily, and there are reasons to be optimistic about 2022. However, headwinds are growing for the industry.
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Apartment Demand Declines, but Rent Growth Momentum Continues
After a year of incredible apartment demand fueled double-digit rent growth in 2021, demand cooled in January beyond typical seasonal effects.
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A Historic Year is in the Books
2021 was a historic year for multifamily, and in this month’s newsletter we take a final look before turning the page to 2022.
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Despite Challenges, 2021 Deliveries Already Well Beyond Recent Years
Significant challenges have not prevented the construction pipeline from delivering more new units this year than in recent full years.
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Average Lease-up Time Has Decreased After Years of Increase
Construction times continue to grow, but the average lease-up duration for new properties has fallen this year for the first time in years.
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Third Quarter: Demand Slowed, but Rents Continued Their Climb
Multifamily has roared back in 2021, and even as demand cooled some in the third quarter, rent growth continued to accelerate.
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Larger Properties Pacing the Multifamily Rebound
Larger properties are leading the multifamily rebound, but are not exclusively responsible for this year’s huge numbers.
