Arc Equity Group, LLC’s Post

2024 Multifamily Market Snapshot from RealPage Market Analytics Apartment occupancy levels remain resilient at 94.8%, aligning with long-term averages, while regional trends paint a varied picture. The Northeast leads with a robust 96.3% occupancy rate, signaling demand stability. Meanwhile, the South lags at 93.9%, impacted by oversupply, and regions like the Midwest (95.3%) and West (95.2%) showcase steadier performance. Top Rent Growth Markets: Midwest Leads the Way Detroit, Kansas City, and Chicago are standout performers with significant rent increases, driven by moderate supply growth and consistent demand. Opportunities in Stabilizing Markets Despite the West seeing a slight monthly rent decline, markets like San Jose and Seattle are now showing above-average rent growth, signaling recovery. The Midwest remains a beacon for stable investment opportunities, thanks to its moderate supply pipeline and consistent demand. Source: RealPage Market Analytics

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