Updated: Mar 22, 2019
CBRE's latest report delivered news for multifamily markets nationwide. Vacancy is dropping; rent growth is strong; and net absorption is greater than completions. In short, demand outweighs supply. Median home prices have increased far more dramatically than multifamily rents in the United States and construction costs have not impacted starts as the market would have predicted.
It is fundamental for any market’s demand to outpace supply, which this report consistently shows for the top thirty US markets. How does this apply in our secondary and tertiary markets? What does macro information mean for us in our markets? Look for a blog article to follow about our underwriting process and how we use reports like this one.