Apartment Slowdown Has Yet to Arrive via Multifamily Executive Magazine

The predicted apartment slowdown still has yet to impact the market. So proclaims Ten-X Commercial’s latest US Multifamily Outlook.

As GlobeSt.com's Paul Bubny reports, however, some aspects of the market are faltering—vacancies nationwide rose 10 basis points during the first quarter, to 4.3%, after remaining flat over the past year, and 330,000 new apartment units will be added to the inventory by the end of this year, which will have a negative impact on vacancies as the absorption rate lags the influx of new supply. The report's author predicts an economic downturn by 2020 as vacancies hit a forecasted 6.2%.

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