Workforce Housing Demand Remains Positive in Select US Markets, Bucking National Trend

Despite a national trend of declining occupancy and rents in workforce housing, three major U.S. multifamily markets, Chicago, Miami and San Francisco, demonstrate that an overall multifamily supply and demand balance coupled with a wide difference in monthly rent between one- and two-star and four- and five-star properties boosts demand for less expensive housing by keeping renters in place at one- and two-star-rated apartments.