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.
Carl Whitaker is RealPage’s Chief Economist, leading the company's team of economists and market analysts. Carl and the Market Intelligence team specialize in analyzing and disseminating economic and market trends for the rental housing industry. He primarily focuses on presenting trends in the rental housing industry to a wide audience, including investors, asset managers, operations professionals and media, among other personas. Carl has been cited in the Wall Street Journal, Bloomberg and GlobeSt and is a frequent keynote speaker for industry events. Carl holds degrees from the University of North Texas, including a Master of Science in Applied Geography.
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.
