Market Research Report: Multifamily – National – Q3 2024
More apartments were absorbed during the opening six months of 2024 than during the entirety of last year, keeping national vacancy unchanged over the first half. Rent growth remains below historic norms as the wave of new supply is elevating concession use in development-heavy markets. Nevertheless, barriers to becoming a first-time homeowner along with a cooling labor market are motivating tenants to renew leases, supporting rent growth in that category.
Key Features Include:
- Insights into apartment fundamentals and underlying performance indicators
- Analysis of national and market-level supply and demand trends
- Explores potential forward-looking tailwinds and challenges
- Overview of the ongoing shifts in the investment and financing markets