Market Trends

Get the latest analysis of multifamily market trends.

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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November 27, 2023

Where Rents Are Highest — and Lowest — in 2023

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.

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Green apartment building stands next to construction site

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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.

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