National Multifamily Report: Gateway Markets Demonstrate Resilience

| Multifamily Legislation


Higher Operating Costs Amid Softer Rent Growth Poses Challenges, Performance Metrics Sturdier in Gateway Metros

Apartment demand during the second quarter of 2023 was stronger than in any period of 2022, as traditional seasonal patterns returned. The sector is not without challenges, however, as operating expenses have surged while higher vacancy rates stymie rent growth. Historic development, albeit largely clustered in the Sun Belt, will also maintain upward pressure on national vacancy through year-end.

Key Features Include:

  • Evaluates which markets may be better positioned in the current environment
  • Provides insight into performance trends differentiated by quality segment
  • Analyzes potential development and investment preferences in response to rising operating costs

Download the Q3 2023 Multifamily National Report Here.