What Can Price Class Performance Tell Us About Multifamily Affordability?
The third quarter brought into focus the changed environment for multifamily. What can price class performance tell us about affordability?
So Far, No Summer Bump in Net Absorption
Summer temperatures are on the rise, but apartment demand is not. A cool down that began during the winter months has persisted through June.
Class A Shows Resilience
Rent growth continues to be strong across the price classes, but the slump in apartment demand is equally widespread.
Rent Growth Continues Its Blistering Pace
Apartment demand dipped in January, but rent growth continued at a pace well outside the range established over the last five years.
A Closer Look at Price Class Performance in 2021
As promised in our most recent newsletter, today we take a more detailed look at 2021 price class performance.
Rent Growth Tapered (Slightly) in September
2021 has seen historic rent growth, but September marked the first real slowdown in apartment demand and rent growth since the spring.
Top Price Classes Lead the Multifamily Rebound
The recent multifamily rebound has not been uniform, and one perspective from which some differences emerge is price class.
Lease Concessions on the Decline
Lease concessions were a big part of the 2020 story, but the tide has begun to shift.
Tracking Recent Apartment Demand Changes
2020 brought a slew of challenges for the multifamily industry, but apartment demand has been on the comeback in recent months at the national level.