Multifamily Trends You Can’t Ignore: ALN’s 2025 Midyear Market Update
Watch the replay from the ALN Apartment Data live webinar “ALN National Data Briefing: Trends Shaping Multifamily”
Culmination of Multiyear Demand Trend Beginning to Unfold
2025 has gotten off to an unusually volatile start for apartment demand on a month-over-month basis. Despite these early fluctuations, longer-term trends are uniformly positive. Both over the last twelve months, and year-to-date through April, national net absorption has continued along an upward trajectory that began in 2023. Encouragingly, the continued improvement has been widespread…
A Closer Look at Improved Rent Performance
Average effective rent growth for new leases has shown strong improvement over the last year. After peaking out a modest 0.9% gain in the previous twelve-month period, the national average effective rent has grown by 3.5% over the last twelve months. Below the national average, some important distinctions have emerged. All numbers will refer to…
Results Mixed in the First Quarter
This year’s opening quarter included multiple interesting developments that will have ramifications for multifamily performance as 2025 unfolds. Outside the industry, in just the first few days of April, seismic U.S. trade policy changes are just beginning to make their early impact felt. As has been the case for the last handful of years, there…
Faltering Demand in Middle Price Tiers
A more detailed analysis of multifamily performance in the first quarter will be the subject of the forthcoming ALN newsletter for April. In broad strokes, new supply continued its surge, apartment demand cooled, and rent growth picked up. One area below the national level in which some clear differences emerged was price class performance. All…
Setting Expectations for 2025 Multifamily Performance
2024 was a key step in the right direction for the multifamily industry. In the face of historic new supply pressure, the decline in national average occupancy was smaller than in 2022 or 2023. Net absorption showed robust annual improvement for a second straight year. Average effective rent growth for new leases more than doubled…
An Encouraging Third Quarter for Multifamily
Despite remaining challenges, the third quarter featured some reasons for encouragement in the industry performance data.
Steady Improvement at the Halfway Mark of 2024
Multifamily performance trends stabilized last year after volatility from 2020 to 2022, and 2024 has largely followed expected trajectories.
How Did Multifamily Fare This Winter?
With spring quickly approaching, the typically softer portion of the calendar is coming to an end for the multifamily industry.