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.
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Market Spotlight: Houston
Apartment demand has softened considerably for the Houston market compared to last year, but strong rent growth has persisted so far.
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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.
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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.
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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.
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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.
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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.
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Top 5: 2021 Apartment Demand
As part of our look back at 2021, we consider the markets that led the nation in apartment demand for the year.
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Market Spotlight: Houston
2021 has been a year of historic apartment demand and rent growth nationally, and Greater Houston certainly has not been an exception.