Supply Rose in April, Apartment Demand Did Not
New supply increased further in April, but apartment demand was unable to continue the upward trajectory that began in late 2023.
New supply increased further in April, but apartment demand was unable to continue the upward trajectory that began in late 2023.
Apartment demand improved again in the first quarter, continuing a trend of consistent incremental progress since the 2022 trough.
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.