CBRE: Multifamily Market Continues to Stabilize in Q2 via Multifamily Executive Magazine

With a rebound in absorption and an uptick in vacancy, the multifamily market displayed signs of stabilization in the second quarter, according to new research from CBRE.

In the second quarter, the overall vacancy rate for multifamily increased 10 basis points (bp) from the first quarter to 5%, which is equal to its long-term average. This was less than the 30-bp rise in the first quarter and the 70-bp increase seen in the fourth quarter of 2022, meaning that supply and demand dynamics are stabilizing.

Read more...CBRE: Multifamily Market Continues to Stabilize in Q2 via Multifamily Executive Magazine