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…
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…
Apartment Demand Faltered in January
Just one month into the new year, there are already interesting developments occurring in multifamily performance.
A Year in Review: 2024 Rent Growth
One theme of 2024 multifamily performance was that improvement was achieved but with further ground to gain. One metric that typified this theme was rent growth. After a dismal year in 2023, average effective rent growth for new leases took a major step in the right direction last year. All numbers will refer to conventional…
A Year in Review: 2024 Apartment Demand
Next up in the current series looking back at 2024 multifamily performance is apartment demand. If you missed it, be sure to catch up on the article detailing last year’s new supply. All numbers will refer to conventional properties of at least fifty units. Additional market-specific information is available for free when you sign up to…
A Year in Review: 2024 New Supply
Another year is in the books, and before jumping fully into 2025, now is a good time to fully digest 2024 multifamily performance. To that end, we will be looking at 2024 performance across the metrics of new supply, apartment demand, average occupancy and average effective rent over the next few weeks. First up is…
Apartment Demand Was a Positive in 2024
Incredibly, another year is about to be in the books. The massive quantity of new multifamily supply this year was arguably the headline metric for 2024. Right behind, though, would be the substantial improvement in apartment demand. This year continued an upward trend that began in 2023, but on a more impressive scale. All numbers…