Multifamily Demand & Absorption Continue To Set Records

In the January to March quarter, the U.S. absorbed over 138,000 market rate apartment units, marking the highest 1st quarter demand on record.
Occupancy continued to tick up modestly throughout the early months of 2025 to stand at 95.2% in March. This was the highest reading seen since October 2022.
Effective rents grew 0.75% in March. In turn, effective rents grew 1.1% in the year-ending March 2025, which marked the highest reading since June 2023.

Published by Rose Multifamily