Top 10: Market Leaders in Recent Demand Improvement
An active construction pipeline means improvement in multifamily demand will be vital in 2024. These markets are off to an encouraging start.
An active construction pipeline means improvement in multifamily demand will be vital in 2024. These markets are off to an encouraging start.
National effective rent growth was negative in January, but there may be reason for optimism as spring approaches.
Looking ahead, there is reason for optimism for multifamily performance in 2024 as well as potential for further challenges.
Was apartment demand well below average in 2023 or did the year see a big bounce back? The answer is some of both.
While many markets around the country face continued new supply pressure going into 2024, there are those that are not.
The San Francisco – Oakland market has been a top-performer this year among multifamily markets thanks in part to a slowdown in deliveries.
After struggling earlier in the summer, national net absorption took a major step in a positive direction in August.
As with other markets in the region, Minneapolis – St. Paul has enjoyed relatively solid demand and less new supply pressure so far this year.
After seeing steady improvement throughout the spring months, national multifamily demand faltered in June.