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After a Challenging Year, Things Are Starting to Look Up in the Multifamily Sector

More Demand for Three-Star Rated Apartments Combine With Declining Supply Additions Create Opportunity for Recovery
Apartment renters are returning to the market in growing numbers with demand especially strong for three-star-rated properties, such as these apartments in Denver. (CoStar)
Apartment renters are returning to the market in growing numbers with demand especially strong for three-star-rated properties, such as these apartments in Denver. (CoStar)
CoStar Analytics
June 18, 2024 | 9:10 P.M.

Recent data suggests the multifamily housing market is moving toward stabilization after enduring two years of adverse conditions marked by record new supply additions and reduced renter demand. Key indicators, such as the national vacancy rate and rent growth, are beginning to signal a potential market recovery.

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