Multifamily Reports
APARTMENT UPDATE®
National Report Card
Preview our national report card and download over 70 market reports below.
Berkadia Research compiles economic and market data to uncover insights and trends that arm commercial real estate investors with valuable insights to drive acquisition and disposition strategies and methods of financing.
As our industry begins to shift its focus toward 2023, we invite you to explore Berkadia’s insights on the latest multifamily and demographic trends that will impact the investment landscape for the coming year. Begin accessing your reports now.
Key National Themes:
Occupancy
National occupancy is forecast to settle at 95.0% in 4Q23, beating pre-pandemic (2010 to 2019) average of 94.7%.
Leasing Activity
Household formation is expected to increase, bolstering apartment leasing activity over the next 12 months.
Monthly Effective Rent
Operators will counteract flagging occupancy by tapering rent growth. After advancing 6.6% in 2022, effective rent is projected to rise 3.3% this year.
Apartment Development
565,200 units are scheduled to come online by year-end, with the Sun Belt markets seeing expanded development.
Effective Rent
$1,790
Occupancy
95.9%
Deliveries
256,601 units
Absorption
-50,522 units
Employment
2.5%
Cap Rate
4.5%
3Q22 Multifamily Quarterly Reports by Market
APARTMENT UPDATE®
2023 U.S. Forecast Webinar
Join us on January 24, as we proudly host Berkadia’s 2023 U.S. Forecast Webinar. Berkadia executives will be joined by Aneta Markowska, Chief Financial Economist for Jefferies and Sharon Wilson Géno, President-Elect of NMHC to discuss the themes and economic trends expected to shape investor behavior, including the multifamily housing market, in the year ahead.
