Rental Housing Resists Office Downturn

While there has been more optimism about the economy generally, apartment rent growth continues its moderation on a national level, with some notable regional variation. Unlike more costly markets in the West and South, recent apartment rent growth reporting highlights the consistent growth of more affordable multifamily markets in the Midwest, a trend that also extends to the homebuying market. Sources discussed in this episode: Yardi Matrix: “National Multifamily Report, June 2023” - https://www.yardimatrix.com/publications/download/file/4192-MatrixMultifamilyNationalReport-June2023 McKinsey: “Empty spaces and hybrid places: The pandemic’s lasting impact on real estate” - https://www.mckinsey.com/mgi/our-research/empty-spaces-and-hybrid-places#/ National Association of Home Builders: “Homeownership across US Counties” - https://eyeonhousing.org/2023/07/homeownership-across-us-counties/ Harvard Joint Center for Housing Studies: “8 Facts About Investor Activity In The Single-Family Rental Market” - https://www.jchs.harvard.edu/blog/8-facts-about-investor-activity-single-family-rental-market For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.