Southeast Apartment Demand Reaches its Highest Level in Decades

Peak demand is reshaping the landscape across Southeast apartment markets. Annual absorption topped 60,000 units in the Southeast in the year-ending 2nd quarter. That was the region’s strongest apartment demand reading in decades. The Southeast has been enjoying an outsized performance relative to other regions, inspired by solid in-migration, resilient job growth and affordability advantages. Robust demand in the Southeast is quite the turnaround after the noticeable drop off in 2022 and 2023. After that breif decline, the absorption landscape started to change by early 2024 and by mid-2025 momentum took off meaningfully. Thus, what started as a recovery period after a small downturn eventually grew into sustained and aggressive expansion.

For more information on the state of Southeast apartment markets, including forecasts, watch the webcast Market Intelligence: Q3 Southeast Region Update.