Market Trends

Get the latest analysis of multifamily market trends.

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Apr 25, 2024

State of the U.S. Multifamily Market: Q1 2024

After two years of losing ground, the multifamily market has kicked off the year with signs of stabilization. Join CoStar’s Jay Lybik to explore where in the country rent growth has been the strongest, which property types will continue to struggle, and what the outlook is for peak leasing season.

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April 5, 2024

Luxury Properties Continue to Struggle in First Quarter, Despite Upward Demand Creep

The first quarter of 2024 saw renter demand increase, though not by enough to meet historically high supply, especially in the high-end quality class.

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April 2, 2024

State of the U.S. Multifamily Market: 2023 Recap & 2024 Outlook

After a year of record-high supply and dwindling rent growth, will market conditions in 2024 offer much-needed relief? CoStar’s Jay Lybik analyzes the latest data and offers a preview of what to expect.

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The Atlanta multifamily market has seen high levels of new construction

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January 10, 2024

Q4 Increase in Demand Still Not Enough to Meet 2023’s High Supply

The multifamily sector closed the year with a few positive signs amid tough market conditions. Despite the flood of excess supply, absorption ticked upwards in late 2023, rising by 122 percent.

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December 19, 2023

Rent Growth Continues to Slip, According to November 2023 Data

The latest rent data from CoStar reveals a slowdown in rent growth across the nation, with a small number of local markets pulling ahead.

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Dec 18, 2023

Spotlight on Phoenix: State of the Multifamily Market in 2023

Where does one of the most dynamic multifamily markets stand in 2023? CoStar’s Connor Devereux shared his analysis in a recent presentation in Phoenix, Arizona. In the half-hour presentation, he examined the fundamentals of the Phoenix economy, highlighted the recent supply and demand dynamics, and provided an outlook of the multifamily market for 2024.

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