Market Intelligence: Q1 Midwest Region Update
The slow-yet-steady nature of Midwest apartment demand has resulted in resilient rent growth and occupancy in recent months. With little new supply anticipated in 2024 – a trend counter to that of other U.S. regions – expectations are that Midwest multifamily will continue posting modest yet resilient rent growth in the coming months.
Still, longer-term concerns regarding population and economic growth upside may be influencing investor and developer appetites in the nation's heartland through the remainder of the 2020s.
Join RealPage® experts as they review key trends across the upper and lower Midwest region. Multifamily markets covered in this discussion include:
- Ann Arbor
- Des Moines
- Fort Wayne
- Grand Rapids
- Kansas City
- Lafayette-West Lafayette
- Lansing-East Lansing
- Oklahoma City
- Sioux Falls
- South Bend
Dustin Weaver is a Market Analyst with RealPage's Data Analytics division, where he focuses on conventional apartment market analysis, research and data methodology. Dustin leverages his background in partnering with institutional investors and REITs to enable easier consumption and application of multifamily data and analysis.
Robin YoungHead of Market Research, Buildium, RealPage, Inc.
As the head of market research for the mixed-use division of RealPage, Robin leverages her background in social science research and interest in real estate economics to uncover trends in the rental market. Her research provides small-business property managers with a 360-degree view of the industry, sharing insights gleaned from surveys of thousands of property managers, rental owners and renters each year. She’s best known as the author of the annual Property Management Industry Report, a Buildium®, Propertyware® and NARPM® joint publication.