Affordability, urban amenities and a high quality of life continue to attract renters.

Half of the nation’s largest 50 metros saw occupancy increase by 30 bps to 100 bps.

Newer building supply peaked in 2022 but has declined 25% since then.

These five markets should post strong job growth, according to Marcus & Millichap.

Office, industrial and multifamily saw sales increases, while retail and hospitality posted decreases.

Renters want amenities focused on sustainability, technology and thoughtful design.

Nearly 667,000 apartment units were absorbed during 2024, exceeding expectations.

Industrial vacancy is likely nearing its peak for the current cycle.