National Occupancy Returns to Pre-Pandemic Level
Persistently low demand and a very active construction pipeline have combined to send national average occupancy to its pre-pandemic level.
Persistently low demand and a very active construction pipeline have combined to send national average occupancy to its pre-pandemic level.
Even with continued difficulties for new construction, more than 100,000 new units were delivered across the US through April.
Average occupancy has been on the decline in recent months, but thanks to last year’s apartment demand, plenty of cushion remains.
As part of an ongoing series evaluating specific markets around the country, Chicago is next up.
A trend that has emerged in 2020 is a move toward affordability. With the third quarter in the rear view mirror, we look at how the five most expensive markets performed.
Around one-third of markets have managed to remain in positive territory for average occupancy and rent growth, Boise being one example. Let’s take a closer look at recent multifamily performance for the area.
One of the markets profoundly impacted by changing conditions in 2020 has been the San Francisco – Oakland market. Today we take a closer look at recent multifamily performance there.
Taking a look at markets with the largest occupancy and rent gains in recent months.
Robert Durham and Jordan Brooks from ALN joined the Rand CRE podcast to discuss recent Texas multifamily performance, implications for investors and more.