Long Island, which has about 82,200 existing apartment units, is set to receive nearly 2,100 units in the year-ending 3rd quarter, marking the highest annual supply load on record.
The work-from-home revolution hasn’t damaged East Coast apartment markets, which have returned to their classic standing of strength.
Apartment demand was solid across the U.S. in 2nd quarter, but a handful of markets stood out ahead of the rest.
Nationally, we’re forecasting effective rent growth of around 2.3%. Among the top 50 markets, performance is expected to vary.
Only a handful of apartment markets posted rent ahead of seasonal trends in 1st quarter, based on a comparison to the pre-pandemic decade average.
Four of April’s top multifamily permitting markets converged with annual permit totals between 11,400 and 12,300 units.
Most of the top markets for multifamily permitting in the year-ending March are also among the top 10 markets for single-family permitting.
This unexpected apartment market snuck into a national top-performance spot recently by both occupancy and rent growth measures.
Investments in U.S. apartments continued to cool in the last three months of 2022 amid the rising cost of debt and declining market fundamentals. Though current sales were below th...
Among the nation’s largest apartment markets, nine posted particularly steep imbalances of supply and demand in 1st quarter 2024.