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📉 Vacancy Rates Decline for the First Time Since 2021! The U.S. multifamily market has reached a turning point. In Q2, vacancy rates fell by 10 bps, driven by strong demand and net move-ins hitting 138,000—the best quarter for absorption since 2021. Year-to-date absorption is close to surpassing 2023's total! 🏙️ Market Highlights: Over half of the 90 tracked markets saw declining vacancies. Top performers: Reno, NV; Minneapolis, MN; Richmond, VA. Midwest leads in vacancy reductions; the Sun Belt saw its first decline since the pandemic. For a deeper dive into the numbers and trends, read the full report here: https://lnkd.in/gp-AdK-9 #RealEstate #Multifamily #MarketTrends #VacancyRates #RentGrowth #PropertyInvestment

U.S. Multifamily MarketBeat | US | Cushman & Wakefield

U.S. Multifamily MarketBeat | US | Cushman & Wakefield

cushmanwakefield.com

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