National 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for the Nation
National 2024 Forecast
National 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,648 4Q 2023 $1,686 4Q 2024 2024 RENT CHANGE 2.3% OCCUPANCY RATE 94% 4Q 2023 93.8% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -20 BASIS POINTS KEY TAKEAWAYS The Midwest demonstrated remarkable resilience in apartment fundamentals through 2023, driven by its affordability, steady population growth, and a more […]
National Report Q3 2023
National 3Q23Multifamily Market Report $1,824 average rent 94.6% average occupancy rate $54.8B ytd sales volume 0.4% YoY rent change -1.2 POINTS yoy occupancy change 2,636 YTD individual transactions Supply & Demand 3Q23 90,837 Units QUARTERLY DEMANDYTD: 184,906 128,130 Units QUARTERLY COMPLETIONSYTD: 320,632 Regional Supply & Demand Comparison West 70,781 36,482 256,444 Midwest 44,040 22,400 101,740 […]
