New! July 16, 2024 Multifamily Vacancy Stabilizes in Q2, As Demand Rises After an upward climb that began in 2022, the multifamily vacancy rate stayed stable in the second quarter of 2024. This is one of a few positive signs for the industry revealed in the latest data from CoStar. Article
New! Jul 5, 2024 Rent Growth: Winners and Losers No longer lagging behind, the Midwest and Northeast are now fighting their way to the top of rent growth charts. How did they end up here, and what’s behind the cloudy outlook for the Sun Belt? Get an overview of the regional and market-level trends, including the top 50 metros. Webinar
New! June 5, 2024 Top 12 Multifamily Markets for Rent Growth in Q2 2024 These dozen major markets are outperforming the nation, with asking rents rising by twice or three times the national average in the second quarter of 2024. And bucking regional trends, it’s not just Midwest and Northeast markets that are topping the list this quarter. Article
New! Apr 25, 2024 State of the U.S. Multifamily Market: Q1 2024 After two years of losing ground, the multifamily market has kicked off the year with signs of stabilization. Join CoStar’s Jay Lybik to explore where in the country rent growth has been the strongest, which property types will continue to struggle, and what the outlook is for peak leasing season. Webinar
New! April 5, 2024 Luxury Properties Continue to Struggle in First Quarter, Despite Upward Demand Creep The first quarter of 2024 saw renter demand increase, though not by enough to meet historically high supply, especially in the high-end quality class. Article
New! April 2, 2024 Top 10 Multifamily Markets Facing Largest Rent Declines These 10 Sun Belt markets are struggling with the greatest year-over-year drops in asking rent in the country. This decline in the first quarter of 2024 is thanks to a mismatch between supply and demand. Article
New! March 6, 2024 February Rent Growth Remains Sluggish Rent growth continues to decelerate on both a monthly and annual basis, with only one region of the country seeing a slight uptick compared to January. Article
New! February 21, 2024 Top 10 Multifamily Markets with the Highest Vacancy in Q1 2024 Vacancy rates have been on the rise, pushed up by increasing supply and insufficient demand. Currently, 10 major markets lead the nation for above-average vacancy, based on the latest CoStar data for the first quarter of 2024. Article
New! February 12, 2024 Rent Growth Creeps Upward in January The multifamily industry saw a slight uptick in rent growth in January 2024. The Midwest and Northeast have driven the greatest increases in asking rent, while the South continues to lag behind with declining rents. Article
New! February 6, 2024 5 Predictions for the Multifamily Market in 2024 After a year of record-high supply and declining rent growth, what can the multifamily industry expect to see this year? Here are the top market trends projected by CoStar for the sector in 2024. Article
New! Jan 25, 2024 State of the U.S. Multifamily Market: 2023 Recap & 2024 Outlook After a year of record-high supply and dwindling rent growth, will market conditions in 2024 offer much-needed relief? CoStar’s Jay Lybik analyzes the latest data and offers a preview of what to expect. Webinar
New! January 10, 2024 Q4 Increase in Demand Still Not Enough to Meet 2023’s High Supply The multifamily sector closed the year with a few positive signs amid tough market conditions. Despite the flood of excess supply, absorption ticked upwards in late 2023, rising by 122 percent. Article