The multifamily sector has been a growing disappointment. Not that it was expected to be otherwise. Interest rates up, consumers beset with higher prices and growing concerns over potential layoffs. Companies wondering how close a recession is. Transaction volumes have been down and rent growth slowed. Refinancing properties is tight and expensive.
But there’s some good news for owners and operators, says RealPage. Net apartment demand has recovered and is once again positive in the first quarter of 2023.
Read more...Apartment Demand and New Lease Rent Growth on the Rebound via GlobeSt
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.