Apartment fundamentals continue to improve, with multiple data sources sharing a broad consensus of improving demand. Additionally, recent reports project a considerable drop-off in newly-delivered apartments in 2025, continuing into 2026. As this steady, elevated apartment demand meets a shrinking amount of new supply, we could see noticeably higher rent growth in 2025 and 2026.…

The multifamily market has been remarkably resilient in working through the historic wave of newly-built apartment supply, and comparatively, the recent dip in consumer sentiment may not be a major obstacle as rent growth is expected to to improve through 2025. Uncertainty has also hit the investment side, but recent signs of increasing investment activity…

Investor sentiment in the multifamily market has settled into much the same place that it was at the start of 2024, but crucial improvements in multifamily fundamentals have driven more interest in multifamily investment in 2025, despite the added weight of higher-for-longer interest rates. Multifamily, the Nation, and the Economy Multifamily growth “subdued but positive”…

Multifamily investment optimism persists, but expectations have cooled somewhat since late 2024. Persistently-high ten-year treasury yields have changed the prevailing assumptions about interest rates and the multifamily lending market, with higher-for-longer expectations taking hold, moderating the previous optimism about the multifamily investment market, but even if the lending environment remains the same, the near-unanimous consensus…