Multifamily Market Commentary
2024 Mid-Year Multifamily Market Outlook – Skies Remain Cloudy
August 21, 2024
Multifamily market fundamentals, which include factors such as vacancy rates and rent growth, improved during the first half of 2024, due to an increase in demand and despite elevated levels of new supply entering various markets across the country. Although the national vacancy rate is estimated to have remained steady, estimated national rent growth was positive.