Market Intelligence: Q2 Midwest Region Update
Stability remains the name of the game across the nation's Midwest apartment markets as a steady trickle of demand continues to match pace with limited supply.
Unlike some of the nation's supply-burdened markets, most Midwest regional metros have been effectively operating at full occupancy. In turn, rental rate growth for Midwest multifamily is holding around long-term expected levels as peak leasing season begins.
Considering the region's limited construction pipeline, the risk of lingering supply pressure remains minimal for the area at large — though a handful of regional markets may see modest impact from local development pipelines through the end of 2025.
Join RealPage® market experts as they review multifamily markets across the Midwest, discussing recent performance trends alongside forward-looking expectations surrounding demand, rent growth, occupancy and supply.
Arben Skivjani serves as a Deputy Chief Economist and Data Scientist for RealPage, Inc. His primary focus is on forecasting and econometric modeling, economic impact studies, reporting and analysis of macroeconomic trends that affect the multifamily industry. Prior to joining RealPage, Arben worked for several government and private sector entities, including the District of Columbia Department of Employment Services, Center for Business and Economic Development at the University of Alabama and Camoin Associates in Upstate New York.
Arben is heavily involved in the Dallas/Fort Worth Association for Business Economics where he currently serves as Vice President and is a member the National Association for Business Economics.
Arben holds a master’s degree in economics from The University of Alabama.
Julia Bunch
Content Manager & Real Estate Writer, RealPage, Inc.Julia Bunch is the Content Manager and Real Estate Writer at RealPage, where she focuses on delivering data-driven insights into multifamily housing market trends. Julia has worked as a reporter, writer and editor covering commercial real estate, urban issues and economic development for publications such as D Magazine, Dallas-Fort Worth Real Estate Review, D CEO Magazine and Bisnow.
