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.
The hope is that absorption can match deliveries by the end of the second quarter to help stabilize this sector. Yet, there's no guarantee since risks are prevalent, including a potential weakening in the labor market and tighter financial conditions.
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