Demand is modestly ahead of supply, with a healthy Q3 absorption rate against no new deliveries and year-to-date demand outpacing new completions, pointing to gradual rebalancing.
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Supply headwinds are easing as the pipeline is down 36% from the 2023 peak and concentrated in a few suburban corridors, making impacts of new competition more manageable.
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Rents are inching up from an affordable base and occupancy sits just below historical norms with signs of firming, led by Class A and value-oriented suburbs.
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MARKET OUTLOOK
The Louisville market will continue stabilizing as new supply eases and renter demand remains constructive...
