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…
Just one month into the new year, there are already interesting developments occurring in multifamily performance.
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…
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…
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…
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…
2024 has been an interesting year for the multifamily industry, and there have been some interesting developments at the price class level.
Was apartment demand well below average in 2023 or did the year see a big bounce back? The answer is some of both.
After seeing steady improvement throughout the spring months, national multifamily demand faltered in June.
