JULY 24, 2024
Metros Where Multifamily
Demand Stands Out
“An imbalance of multifamily demand and supply has created downward pressure on rents, with vacancy rates spiking – but some metro areas are making an exception. Demographic shifts and business movements from northern and eastern parts of the U.S. to the south and west caused a need for more housing. Developers chased the trends, and the results were excess supply in some important markets.”