Search
 
Features

About Multifamily’s Tightening Performance Between Top, Bottom Markets

Top quartile markets are averaging about 6% growthl while bottom-ranking markets are averaging cuts of roughly 4%

By Richard Berger | February 20, 2024 at 07:51 AM

Rental growth for apartments is expected to slow to just more than 2% this year, according to CBRE, falling to its lowest level since 2010. This much is well known, but CBRE also points to a less-examined facet of this trend, which is that the gap between the top markets – generally Midwest cities with little supply growth – and bottom markets – generally Southern cities with aggressive supply growth – is narrower than usual.

Other market observers have spotted this same development. Carl Whitaker, Senior Director of Research & Analysis, RealPage, tells GlobeSt.com that he has seen the gap between top-performing and bottom-performing markets tightening in recent months.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

CRE Fundraising Drops to Five-Year Low

CRE Fundraising Drops to Five-Year Low

Richard Berger |

With interest rates expected to stay elevated, real estate investors are likely to remain cautious in their fundraising.

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.