Takeaways Episode 3
More insights and final thoughts on the October 2020 newsletter article, Demand Returns in Q3, but Rent Growth Lags.
More insights and final thoughts on the October 2020 newsletter article, Demand Returns in Q3, but Rent Growth Lags.
Multifamily demand surged in the third quarter, but rent growth remained elusive. This month we take a closer look at third quarter multifamily performance.
More insight into the final thoughts on the September 2020 newsletter article, Zeroing in on Apartment Demand.
Apartment demand at the national level continues to look grim, but that does not tell the whole story. This month, we look under the hood to better understand this new environment.
In a new series called Takeaways, ALN Apartment Data Market Analyst, Jordan Brooks, shares more insight into the final thoughts on this month’s newsletter article, Checking in on the New Construction Pipeline.
August 2020: Demand through July 2020 was half that of the same period last year, and 50k less units were absorbed than added in the first 7 months.
Another quarter is in the books, and this month we look beneath the national numbers to evaluate which multifamily markets were most impacted in a rocky second quarter.
The biggest impact of uncertainty and upheaval of the last few months has been the drastic reduction in multifamily demand. Depending on the area or the product type, either average occupancy or average effective rent may have been adversely affected more than the other – but net absorption decline has been the rule everywhere.
The dominant story of 2020 across all markets continues to be COVID-19 and the fallout from both the virus and the response to it. The impact is being felt across the economy, and multifamily real estate is no exception. April 2020 was the first full month in which a majority of the country was locked down and provides a first full look at what that may look like for the apartment industry.