Cleveland Q1 2025
An interactive look into the Multifamily Construction Pipeline in Q1 for Cleveland, Ohio
Columbus Q1 2025
An interactive look into the Multifamily Construction Pipeline in Q1 for Cleveland, Ohio
Cincinnati Q1 2025
An interactive look into the Multifamily Construction Pipeline in Q1 for Cincinnati, Ohio
2025 Cincinnati Forecast
Research Multifamily Market Reports 2025 Cincinnati Forecast MARKET SNAPSHOT 2025 Cincinnati Forecast 2024 FORECASTED ANNUAL CHANGE 2025 $1,275 Q4 AVG. EFFECTIVE RENT 3.7% FORECASTED ANNUAL CHANGE $1,322 Q4 Avg. Effective Rent 94.1% Q4 AVG. OCCUPANCY +30 BPS FORECASTED ANNUAL CHANGE 94.4% Q4 Avg. Occupancy 3,782 2024 COMPLETIONS 2,162 10 Yr. Avg. Annual Completions 3,299 2025 […]
2025 Cleveland Forecast
Research Multifamily Market Reports 2025 Cleveland Forecast MARKET SNAPSHOT 2025 Cleveland Forecast 2024 FORECASTED ANNUAL CHANGE 2025 $1,211 Q4 AVG. EFFECTIVE RENT 3.2% FORECASTED ANNUAL CHANGE $1,250 Q4 Avg. Effective Rent 92.5% Q4 AVG. OCCUPANCY +10 BPS FORECASTED ANNUAL CHANGE 92.6% Q4 Avg. Occupancy 1,778 2024 COMPLETIONS 1,592 10 Yr. Avg. Annual Completions 2,280 2025 […]
2025 Columbus Forecast
Research Multifamily Market Reports 2025 Columbus Forecast MARKET SNAPSHOT 2025 Columbus Forecast 2024 FORECASTED ANNUAL CHANGE 2025 $1,316 Q4 AVG. EFFECTIVE RENT 3.6% FORECASTED ANNUAL CHANGE $1,363 Q4 Avg. Effective Rent 93.5% Q4 AVG. OCCUPANCY 0 BPS FORECASTED ANNUAL CHANGE 93.5% Q4 Avg. Occupancy 5,867 2024 COMPLETIONS 5,369 10 Yr. Avg. Annual Completions 4,881 2025 […]
Cincinnati 3Q 2024 Market Report
Research Multifamily Market Reports Cincinnati 3Q 2024 MARKET SNAPSHOT Cincinnati 3Q 2024 AVERAGE RENT $1,273 3Q 2024 OCCUPANCY RATE 94.6% 3Q 2024 QUARTERLY NET DEMAND 1,114 [YTD: 2,788] YoY RENT CHANGE 2.8% 3Q 2024 YoY OCCUPANCY CHANGE -20 BASIS POINTS QUARTERLY COMPLETIONS 848 [YTD: 2,951] KEY TAKEAWAYS Net absorption increased by 41% year-over-year, outpacing deliveries […]
Cleveland 3Q 2024 Market Report
Research Multifamily Market Reports Cleveland 3Q 2024 MARKET SNAPSHOT Cleveland 3Q 2024 AVERAGE RENT $1,199 3Q 2024 OCCUPANCY RATE 92.5% 3Q 2024 QUARTERLY NET DEMAND 301 [YTD: 1,315] YoY RENT CHANGE 3.6% 3Q 2024 YoY OCCUPANCY CHANGE -40 BASIS POINTS QUARTERLY COMPLETIONS 656 [YTD: 1,490] KEY TAKEAWAYS Cleveland’s multifamily market led the nation in rent […]
Columbus 3Q 2024 Market Report
Research Multifamily Market Reports Columbus 3Q 2024 MARKET SNAPSHOT Columbus 3Q 2024 AVERAGE RENT $1,309 3Q 2024 OCCUPANCY RATE 93.6% 3Q 2024 QUARTERLY NET DEMAND 1,624 [YTD: 4,699] YoY RENT CHANGE 2.8% 3Q 2024 YoY OCCUPANCY CHANGE -10 BASIS POINTS QUARTERLY COMPLETIONS 1,852 [YTD: 4,629] KEY TAKEAWAYS Approximately 4,700 multifamily units were absorbed on a […]
Cincinnati 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for Cincinnati, Ohio
Cleveland 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for Cleveland, Ohio
Columbus 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for Columbus, Ohio
Cincinnati 2Q 2024 Report
Cincinnati 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,252 2Q 2024 2Q 2024 RENT CHANGE 2.7% OCCUPANCY RATE 94.4% 2Q 2024 ANNUAL OCCUPANCY CHANGE -80 BASIS POINTS QUARTERLY DEMAND 796 [YTD: 1,320] QUARTERLY COMPLETIONS 1,435 [YTD: 2,104] KEY TAKEAWAYS Cincinnati’s apartment rents climbed 2.7% in the second quarter, placing it ninth among the top […]
Cleveland 2Q 2024 Report
Cleveland 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,177 2Q 2024 2Q 2024 RENT CHANGE 3.2% OCCUPANCY RATE 92.3% 2Q 2024 ANNUAL OCCUPANCY CHANGE -130 BASIS POINTS QUARTERLY DEMAND 683 [YTD: 804] QUARTERLY COMPLETIONS 436 [YTD: 834] KEY TAKEAWAYS Cleveland’s apartment market boasts robust rent growth, exceeding the national average with a 3.2% year-over-year […]
Columbus 2Q 2024 Report
Columbus 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,295 2Q 2024 2Q 2024 RENT CHANGE 2.8% OCCUPANCY RATE 94.1% 2Q 2024 ANNUAL OCCUPANCY CHANGE -10 BASIS POINTS QUARTERLY DEMAND 1,647 [YTD: 2,902] QUARTERLY COMPLETIONS 1,082 [YTD: 2,179] KEY TAKEAWAYS Despite a broader market slowdown in terms of rent growth, Columbus recorded a 2.8% annual […]
Cincinnati 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Cincinnati, Ohio
Cleveland 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Cleveland, Ohio
Columbus 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Columbus, Ohio
Cincinnati Q1 2024 Report
Cincinnati 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,224 1Q 2024 1Q 2024 RENT CHANGE 2.5% OCCUPANCY RATE 94.1% 1Q 2024 ANNUAL OCCUPANCY CHANGE -130 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 7.8% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 7.4% (FEB 2024) * Please note that these employment figures have been adjusted for […]
Cleveland Q1 2024 Report
Cleveland 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,152 1Q 2024 1Q 2024 RENT CHANGE 2.9% OCCUPANCY RATE 92.3% 1Q 2024 ANNUAL OCCUPANCY CHANGE -160 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 4.1% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 5.9% (FEB 2024) * Please note that these employment figures have been adjusted for […]
Columbus Q1 2024 Report
Columbus 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,266 1Q 2024 1Q 2024 RENT CHANGE 2.7% OCCUPANCY RATE 93.8% 1Q 2024 ANNUAL OCCUPANCY CHANGE -60 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 4.7% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 9.7% (FEB 2024) * Please note that these employment figures have been adjusted for […]
Cincinnati 2024 Forecast
Cincinnati 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,201 4Q 2023 $1,256 4Q 2024 2024 RENT CHANGE 4.5% OCCUPANCY RATE 94.7% 4Q 2023 94.4% 4Q 2024 2024 OCCUPANCY CHANGE -30 points EMPLOYMENT* 1.16M 2023 1.17M 2024 UNEMPLOYMENT RATE** 3.2% 2023 4.0% 2024 * Please note that these employment figures have been adjusted for seasonal variations […]
Columbus 2024 Forecast
Columbus 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,237 4Q 2023 $1,282 4Q 2024 2024 RENT CHANGE 3.6% OCCUPANCY RATE 93.7% 4Q 2023 93.4% 4Q 2024 2024 OCCUPANCY CHANGE -40 BASIS POINTS EMPLOYMENT* 1.15M 2023 1.17M 2024 UNEMPLOYMENT RATE** 3.1% 2023 3.8% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are based […]
Cincinnati Q3 2023
Cincinnati 3Q23Multifamily Market Report $1,364 average rent 95.5% average occupancy rate $188.7M ytd sales volume 4.5% YoY rent change -1.4 POINT yoy occupancy change 11 YTD individual transactions Supply & Demand 3Q23 275 Units QUARTERLY DEMANDYTD: 1,046 832 Units QUARTERLY COMPLETIONSYTD: 2,344 Annual Demand vs Completions 2018 3,089 1,651 2019 2,587 1,015 2020 1,733 2,231 […]
Columbus Q3 2023
Read MMG Research departments in-depth analysis and insights into the Columbus Multifamily Market for Q3 2023.
