Northeast and Mid-Atlantic Markets Set to See New Supply Linger Longer

There are limited vacancy rates among the Northeast and Mid-Atlantic apartment markets, and part of the reason occupancy is so tight has been restricted new supply volumes. While there are pockets of notable supply to be found in a handful of spots across the region, overall deliveries have been modest in recent years, especially in comparison to the completions across the Sun Belt. New apartment supply volumes in the Northeast and Mid-Atlantic have yet to peak this cycle, unlike the Sun Belt which saw a late 2024 peak. Looking forward, the Northeast and Mid-Atlantic markets might see consistent supply hold out, with volumes not dropping to the same degree as the Sun Belt markets. In the year-ending 2nd quarter 2025, roughly 102,240 units completed across the Northeast and Mid-Atlantic region (not including New York). While that volume is expected to drop in the near term, annual deliveries are scheduled to hover around the 80,000 to 90,000-unit mark throughout much of the next few years.

For more information on the state of Northeast and Mid-Atlantic apartment markets, including forecasts, watch the webcast Market Intelligence: Q3 Northeast/Mid-Atlantic Region Update.