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.
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Takeaways Episode 1 “Checking in on the New Construction Pipeline”
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.
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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.
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Market Notes | News | Recap
Making Sense of a Turbulent Second Quarter
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.
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Decrease in New Supply Not Enough to Outweigh Demand Slide
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.
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COVID-19 Multifamily Impact Coming Into Focus
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.
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Q1 2020 Multifamily Performance
The topic on everyone’s mind in the multifamily industry and beyond is COVID-19 and the response to it. While some areas were affected earlier than others by shelter-in-place orders and the like, for the most part, a majority of Q1 2020 was carried out under relatively normal market conditions.
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A Closer Look at Lease-up Vacancies
It is no secret that new construction has been the major story in multifamily for the last handful of years. In terms of raw units, the volume has been nearly unprecedented. However, when evaluating new supply as a percent of existing capacity volume has been comfortably within the range established since the turn of the…
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Market Tier Averages Performing Similarly Across Several Metrics
As the current cycle continues to age, secondary and tertiary markets have been getting increased attention from the owner/investor side of the industry. Moving through the first quarter of 2020, we’re taking a look at some key performance metrics for market tiers of various sizes.
