Mid-Year Multifamily Review via ALN Apartment Data

Amazingly enough, we are already in the back half of 2022. Both 2020 and 2021 were full of ups, downs, and historic movement across industry metrics. So far, 2022 is stacking up similarly and has resembled almost a hybrid of the two previous years. On the one hand, national average effective rent growth has already outpaced a typical pre-pandemic year – a development very much like last year.

On the other hand, apartment demand has not only receded from last year’s dizzying peak but has fallen short of any recent year with the exception of 2020.

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