Multifamily Reports
Apartment Update®
Q1 2024 National Multifamily Report
Berkadia Research compiles economic and market data to uncover insights and trends that arm commercial real estate investors with valuable insights to drive acquisition and disposition strategies and methods of financing.
Q1 2024 Multifamily Reports
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Berkadia is excited to announce the official release of our Q1 2024 National Multifamily Market Report, plus more than 70 individual market reports from across the country. These reports aim to provide you with valuable insights into the latest multifamily and demographic trends to help you better navigate the current economic landscape and inform your strategy for the remainder of this year. |
Surging Apartment Demand
317,241 net units were absorbed in the last four quarters, more than countering the negative net total one year prior
Active Apartment Pipeline
479,367 units were delivered for 2.5% annual inventory growth, accelerating from 1.8% annual growth one year prior
Sustained Rent Growth
At an average of $1,807 in Q1 2024, monthly effective rent advanced 1.2% YoY
Persistent Hiring
U.S. employers added more than 243,000 jobs on average each month in the 2023, equating to 1.9% annual growth
