The U.S. multifamily sector headed into the third quarter of 2021 on the upswing, as record-setting demand pushed vacancy rates lower in the first half of the year. In turn, multifamily owners capitalized on the scarcity of units and were able to raise rents at a breakneck pace.
US Apartment Market Evades Late Summer Slowdown As Rents Keep Rising
Steady Demand Pushes Vacancies Lower and Contributes to Skyrocketing Rent Growth
By Jay Lybik, David Kahn
CoStar Analytics
September 2, 2021 | 7:15 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In