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In a world of growing uncertainty, there’s one thing that seems dependable, at least in commercial real estate: the need for housing keeps rising. First quarter data from RealPage shows historically unprecedented demand, occupancy, and rents in the multifamily market.

Net demand for apartment space hit 712,899 units over the 12-month period ending in March 2022, according to the firm. “That’s 8% more than the previous high set one quarter earlier, and 76% higher than the pre-COVID-era peak set back in 2000,” the report reads.

 

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