CoStar Insight

Jay Lybik

National Director of Multifamily Analytics

<div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>After hitting a 40-year high for completed units in 2023, the U.S. multifamily market is expected to see a 25% pullback next year that should help balance out the market.</p></div></div>

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Slowing Completions Would Be a Welcome Relief, but Pipelines in Most Sun Belt Markets Could Be Elevated

What to Watch in 2024: Multifamily Outlook Offers Demand the Chance To Match Supply

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The <b>CoStar Power Broker Awards</b> are based on transaction data included in CoStar’s commercial real estate database, the largest and most comprehensive database of commercial real estate information. The methodology used for all company and individual categories can be found <c>here</c>. A complete list of winners by market can be found <a>here</a>.

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CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

CoStar has introduced a new market-based program recognizing the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction will be singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

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What to Watch in 2024: Multifamily Outlook Offers Demand the Chance To Match Supply

Slowing Completions Would Be a Welcome Relief, but Pipelines in Most Sun Belt Markets Could Be Elevated

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