A Comparative Look at New Supply: Part Two
While many markets around the country face continued new supply pressure going into 2024, there are those that are not.
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.
The latest installment of the Top 5 series is a look at market-level leaders in net absorption through May of 2023.
National net absorption has been on the upswing in recent months, but demand remains low relative to longer term norms.
National net absorption improved again in April after March broke the streak of negative monthly absorption at seven months.
Raleigh-Durham has been a prime example of a high in-migration market in recent years and has the new construction pipeline to match.