The pace of apartment rent growth is slowing, While it seems to be a seasonal issue, the news comes at a bad time for multifamily investors and property owners as rising inflation creates a greater need for investment hedging.
More apartment operators are ditching rent concessions offers as vacancies across the country have dropped to historic lows.
Apartment developers will create more new apartments in 2021 in old office, retail, and hotel buildings than at any time in the last decade.
As Chicagoland’s multifamily sector remains strong, the deconversion market will remain a viable investment opportunity.
As the US continues to recover from the COVID-19 pandemic, CRE is outperforming, seemingly against all odds. After all, the US economy has yet to fully recover from the global health crisis.
Unprecedented demand for luxury apartments has been a key component in 2021’s record occupancy and rent growth performance in the multifamily rental sector.