Current Reis User? Please Log in here.

      CRE News and Resources

      Subscribe To Our Blog
      for Industry Updates

      Subscribe to Email Updates

      Glossary of Terms


      Join us on Wednesday, April 25th at 2:00 PM ET to attend our Office webinar. If you miss the date, you may still register to schedule for another time.



      New Call-to-action

      Q4 2015 Apartment Sector First Glance

      Growth Powers Through; Occupancies Decline


      Attesting to the resilience of demand for multifamily units, national asking rent growth clocked in at 4.6% for all of 2015, while effective rent growth mustered an impressive 4.7%. These figures are stronger than annual rent growth in 2007— the last peak period for rent increases for the sector — and are exceeded only by annual rent growth figures from the 1999-2000 period, when vacancies were even lower than they are today.

      Herein lies the conundrum for apartment properties at this juncture: rent growth is undeniably (for some, surprisingly) strong, despite the concern of pessimists about how average rents are outstripping wage growth in many markets. However, vacancies have begun to increase from recent lows.

      The national apartment sector vacancy rate for the end of 2015 stood at 4.4%, an increase of 10 basis points over the prior quarter. How should we read the tea leaves for multifamily moving forward?

      Get the First Glance Report



      Topics: Apartment, CRE News & Updates, Vacancy Rates, Articles, Economic Trends, Cap Rates, Rents, Absorption Rates, Occupancy Rates, New Construction, Construction, Multifamily, All