2H21 National Multifamily Outlook
Demand Surging as Hiring Fuels Household Creation; Downtown and Luxury Apartments Energized 2Q Performance
July, 2021
Apartment absorption jumped to a historic level as job gains unleashed pent-up demand, contracting the vacancy rate despite elevated inventory growth. Urban core and upper-tier fundamentals strengthened, which is poised to continue in the second half. Competition for assets is building after metrics improved across segments and barriers to homeownership underpin a strong rental demand outlook.
Report Highlights:
The shifting balance between urban and suburban demand
Performance metrics for different apartment tiers and market types
Insight into investment trends and buyer preferences