Market Trends

Jan 25, 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.

The Atlanta multifamily market has seen high levels of new construction

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.

January 10, 2024

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

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

December 19, 2023

Rent Growth Continues to Slip, According to November 2023 Data

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.

Where can you get the most rent per square foot? Check out the top markets for absolute rent relative to apartment size, according to the latest CoStar data.

November 27, 2023

Where Rents Are Highest — and Lowest — in 2023

Green apartment building stands next to construction site

Oct 26, 2023

State of the U.S. Multifamily Market: Q3 2023

After declining rent growth, elevated inflation, and record deliveries, is the multifamily market finally calming down? Join CoStar’s Christine Cooper and Jay Lybik for the latest analysis of the multifamily market and what’s ahead.

After the last few years of rocketing growth and dramatic declines, is the turbulence in the multifamily market starting to slow? With rent growth normalizing and a flattening trajectory for vacancy rates, a period of stabilization may be ahead.

September 27, 2023

Multifamily Market Shows Signs of Stabilizing

In a challenging market for multifamily operators, these markets are the top 10 winners and losers for rent growth, according to the latest CoStar data.

August 31, 2023

Top 10 Markets for Rent Growth — and Decline

Graphs and charts for illustrative purpose

Jul 27, 2023

State of the U.S. Multifamily Market: Mid-Year 2023

With the second quarter of 2023 in the rearview mirror, what’s ahead for the multifamily industry? CoStar experts Christine Cooper and Jay Lybik share the top takeaways from this year’s spring leasing season, including a look at rent growth, construction, oversupply, interest rates — and more.

Construction in progress with cranes overhead

Jun 22, 2023

The Supply Outlook

2023 is poised to see a record delivery of new multifamily units. Which markets are most threatened, and when will markets start seeing oversupply fade? Join Jay Lybik for an on-demand webinar originally presented at the Apartmentology Learning Lounge.

Jun 22, 2023

The New Regional Rent Growth Leader

After skyrocketing growth, the Sun Belt has yielded its crown to a new, often overlooked winner. In this on-demand webinar originally presented at the Apartmentology Learning Lounge, Jay Lybik offers a closer look at the regional shifts in the multifamily market.