Berkadia is proud to announce the release of our 2024 Forecast, including our national report and over 70 market reports from coast to coast.
In a financial environment marked by inflationary challenges and investor uncertainty, Berkadia’s national and market forecasts provide essential narratives and crucial market information. Working with these key insights will ensure that you and your clients successfully navigate upcoming multifamily market trends and capitalize on exciting opportunities in the year ahead.
Occupancy
Tapping into unmet housing demand, national occupancy is forecast to rise 20 basis points year over year to 94.5% in Q4 2023.
Leasing Activity
A limited supply of single-family inventory for sale along with a healthy economy should underpin apartment demand as leasing activity surges in 2024.
Monthly Effective Rent
With a rise in occupancy and household income, national monthly effective rent is projected to increase 3% year over year to $1,882 in Q4 2023.
Apartment Development
Prolonged construction timelines and a more favorable development environment in recent years will lead to robust deliveries this year.
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