Top 5: Apartment Demand
The latest installment of the Top 5 series is a look at market-level leaders in net absorption through May of 2023.
National Absorption Improving, But Remains Low
National net absorption has been on the upswing in recent months, but demand remains low relative to longer term norms.
National Apartment Demand Improved in April
National net absorption improved again in April after March broke the streak of negative monthly absorption at seven months.
Market Spotlight: Raleigh-Durham
Raleigh-Durham has been a prime example of a high in-migration market in recent years and has the new construction pipeline to match.
Apartment Demand Ticked Up in March
National net absorption in the first quarter marked an improvement from previous quarters, but not all was roses.
Market Spotlight: Dallas-Fort Worth
Multifamily performance in Dallas – Fort Worth has had a rougher go of it over the last year, and particularly in recent months.
Part 2: New Supply in the Current Demand Environment
Not just Sunbelt markets could be feeling pressure from new supply in 2023, and the challenge will also not be limited to primary markets.
Part 1: New Supply in the Current Demand Environment
The interplay between new supply and apartment demand will be an issue at the forefront of multifamily performance in 2023.
Market Spotlight: Charlotte
Like many high-growth markets, Charlotte suffered from lower apartment demand and an active construction pipeline in 2022.