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Occupancy has reached the highest level in years, but an economic downturn might pose a threat. Despite more than a decade of strong growth under its belt, the apartment sector occupancy rate continues to hit new highs. “Terrific absorption has pushed occupancy upward to highs for this economic cycle,” said Greg Willett, chief economist for …

Apartment Occupancy Rate Hits a New High Read More »

As we head into 2019, tailwinds for the apartment industry outnumber headwinds. Annual rent growth increased to 2.6 percent during the third quarter from 2.4 percent the prior year, according to CBRE Research; and most markets are absorbing new supply with relative ease. In fact, CB reported that third-quarter absorption was at its highest level …

2019 Apartment Housing Outlook Read More »

After reaching a two-decade high in May, U.S. apartment occupancy has continued to climb. Strong leasing activity in this year’s peak season has continued to cause apartment vacancies to drop, with July’s occupancy rate reaching 96.2%. That rate, the highest rate since 2000, was up 0.4 points year-over-year. As usual, occupancy was tightest in the …

U.S. Apartment Occupancy Continues Upward in July Read More »

At mid-year 2019, the multifamily market is continuing its strong fundamental performance with prospects for the next few years remaining bullish. Rent growth has stabilized at just over 3%, and we expect a 2.6% increase for the full year—the seventh straight year above the 2.5% long-term average. Rent growth is led by metros in the …

2019-Summer-Multifamily-Outlook Read More »

Although multifamily rents fell slightly in September, the overall picture painted by the data is positive. A $1 decline is insignificant, especially at the start of the fall, when rent growth traditionally begins to hibernate for winter. The 0.3% growth in the third quarter is slightly disappointing compared to same-period results in recent years. However, …

Multifamily National Report Read More »