Multifamily Reports
APARTMENT UPDATE®
National Report Card
Preview our national report card and download over 70 market reports below.
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.
Within each report card, you’ll find a comparison between Berkadia’s 2023 forecast and progress YTD. This year’s first-quarter market reports will provide you with valuable insights on the latest multifamily and demographic trends to help you better navigate through these challenging economic times and map out your investment landscape for 2023 and beyond! Begin accessing your reports now.
Key National Themes:
Employment Growth
Job creation has boosted leasing activity. U.S. employment expanded 0.5% YTD, ramping up occupancy and rents.
Housing Deliveries
Builders remain active. Though the pace of deliveries trailed projections, more than 95K units have come online in Q1.
Occupancy
More renters have stayed in place. Operators saw fewer seasonal moves in 1Q23. Net absorption totaled 19K.
Monthly Effective Rent
Holding steady. With apartment concessions remaining at 4.5%, monthly effective rent averaged $1,782 in Q1.
Effective Rent
$1,782
Occupancy
94.8%
Deliveries
95,237 units
Absorption
19,243 units
Employment
0.5%
Cap Rate
5%
1Q23 Multifamily Quarterly Reports by Market
APARTMENT UPDATE®
2023 U.S. Forecast Webinar
On January 24, we proudly hosted Berkadia’s 2023 U.S. Forecast Webinar. Berkadia executives were joined by Aneta Markowska, Chief Financial Economist for Jefferies and Sharon Wilson Géno, President-Elect of NMHC to discuss the themes and economic trends expected to shape investor behavior, including the multifamily housing market, in the year ahead.
