Multifamily Market Commentary
Concessions Declining Amid Strong Fundamental Growth
October 12, 2022
Multifamily market fundamentals have continued tightening in 2022, despite concerns about inflation and the ongoing pandemic. The economy has been coping with high levels of inflation, and rising housing costs have been a significant contributor to overall higher costs for consumers. Recent rent growth in the multifamily sector has been remarkable, and we do not expect the levels achieved earlier this year to continue, especially considering the robust pipeline of new apartment rental projects underway in many metros around the country.