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.
Construction times continue to grow, but the average lease-up duration for new properties has fallen this year for the first time in years.
Multifamily has roared back in 2021, and even as demand cooled some in the third quarter, rent growth continued to accelerate.
Larger properties are leading the multifamily rebound, but are not exclusively responsible for this year’s huge numbers.
The demand rebound that began last year has led to dazzling 2021 rent gains. Another part of the story has been lease concessions.
The first half of 2021 has been quite a rebound for multifamily, and this month we pause to evaluate some of the recent dynamics.
Outlying areas continue to perform well, but after a particularly rough 2020 for urban areas, cities are making a comeback.
Evaluating multifamily performance saw new deliveries surge in the opening quarter of 2021, but so did apartment demand.
Welcome to the new year! 2020 is history, and there is plenty to evaluate from a multifamily perspective. In this month’s newsletter, we do just that.
In our series called Takeaways, ALN Apartment Data Market Analyst, Jordan Brooks, shares more insight into the final thoughts on the November 2020 newsletter article, Class A Properties Feeling the Squeeze. Subscribe to our YouTube channel Disclaimer: All content and information within this article is for informational purposes only. ALN Apartment Data, Inc. makes no…