After a slow 2023, multifamily demand has recovered so far in 2024. Last year’s slowing absorption pushed many apartment managers to hold asking rents flat and offer concessions across geographies in the U.S. It appears this softening in rents is working and is driving stronger lease-up activity.
Attractive Rental Rates Accelerate Multifamily Demand Growth in Most Markets
Luxury Demand Improves Across South Florida as Concessions Rise
By Juan Arias
CoStar Analytics
June 6, 2024 | 4:43 P.M.
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