I build & run real estate portfolios. Licensed in Illinois, based in Chicago, operating nationally.
Per new reporting by CRE Daily, the U.S. #Multifamily market is poised for a significant milestone in 2025, with over 500,000 new units expected to be delivered nationwide—an achievement not seen since the Great Financial Crisis. (While a good start, there is an estimated 7.1 million unit shortage of #AffordableHousing nationwide. This increase in supply addresses about 7% of that supply shortage, which is substantial, just that so much more is needed.) #NewYorkCity leads the charge (in terms of nominal unit increases), aiming to deliver nearly 35,000 units, its highest figure since 2008, highlighting the city’s proactive response to increasing #housing demand. #SunBelt cities continue to drive growth with key markets such as Phoenix, Charlotte, Raleigh, and Orlando which are also making notable contributions, reflecting the continued population and economic shifts toward the Sun Belt region. Tertiary markets are also contributing to the growth with Asheville, North Carolina, standing out with a projected 13.3% increase in apartment inventory, showcasing the growing demand in emerging smaller markets. These developments underline a dynamic reshaping of the rental market, with both major urban centers and smaller cities playing pivotal roles. From the eyes of #RealEstateInvestment, noticing what cities are not on the list is just as important because the cities with the tightest supply are those which will trend higher on rental increases. #RealEstate #RealEstateTrends #MultifamilyRealEstate #MultifamilyMarket #CommercialRealEstate #CRE #CREInsights
