Occupancy Likely to Remain Elevated Through End of 2022
Average occupancy has been on the decline in recent months, but thanks to last year’s apartment demand, plenty of cushion remains.
So Far, No Summer Bump in Net Absorption
Summer temperatures are on the rise, but apartment demand is not. A cool down that began during the winter months has persisted through June.
Stabilized Properties Feeling the Squeeze
Shifting market conditions for the multifamily industry can be clearly seen in how stabilized properties have fared so far this year.
Market Spotlight: Houston
Apartment demand has softened considerably for the Houston market compared to last year, but strong rent growth has persisted so far.
Rent Growth May Finally Be Losing Some Steam
National monthly average effective rent growth was above 1% again in May, but cracks in momentum may be emerging.
Market Spotlight: Orlando
One of the markets in which apartment demand has been resilient so far this year relative to the national cool down has been Orlando.
Apartment Demand Cratered Further in April
National average occupancy and rent growth continued to look strong in April, but a continued decline in apartment demand is the story.
Apartment Demand Continued Its Slide in March
Strong rent growth continued in March at the national level, but so did a more recently developed trend – declining apartment demand.
Market Spotlight: Tampa
One of the leaders in rent growth over the last year has been the Tampa market, and it appears those gains are beginning to pressure demand.