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Friday, April 1, 2011
A Closer Look at The National Apartment Market
How long will constrained supply last?
With an impending shortage in the supply of new projects coming online in 2011, the multifamily sector is expected to boast healthy gains in both occupancies and rent growth for at least the next four quarters.
We're forecasting a ramp-up in apartment deliveries starting in late 2012. This doesn't mean we expect rent growth to take a dive back into negative territory. It just means that we probably shouldn't expect rent growth above 10% for certain submarkets to last well past 2011 and 2012.