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CoStar: The Next 90 Days are Critical for Multifamily

The hope is that absorption can match deliveries by the end of the second quarter.

By Barbara Ballinger | April 11, 2023 at 08:33 AM

The next 90 days—the critical spring leasing period—will set the tone for how multifamily will perform the rest of the year, according to CoStar Group’s Apartments.com.

So far, the deterioration in the multifamily market appears to be slowing but the record supply still under construction and economic uncertainty provide a negative impact, according to Jay Lybik, National Director of Multifamily Analytics at CoStar Group.

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