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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:

Leasing Activity

After a surge in apartment demand last year, renters pulled back signing new leases so far in 2022.

Housing Demand

Projected to persist in the near term, as hiring exceeded projections (up 2.5% YTD), and cost of homeownership continues to rise.

Occupancy

U.S. apartment occupancy averaged 95.9% in Q322, as apartment fundamentals continue to shift closer to historic norms.

Monthly Effective Rent

U.S. monthly effective rent averaged $1,790 in Q322, up 7.8% YTD.

Effective Rent

$1,790

UP 7.8% YTD

Occupancy

95.9%

DOWN 160 BPS YTD

Deliveries

256,601 units

YTD

Absorption

-50,522 units

YTD

Employment

2.5%

CHANGE YTD

Cap Rate

4.5%

DOWN 10 BPS YTD

3Q22 Multifamily Quarterly Reports by Market

APARTMENT UPDATE®

2H 2022 U.S. ECONOMIC FORECAST

Aneta Markowska, Chief Financial Economist at Jefferies Financial Group, explains the current economic landscape – and its anticipated impact on commercial real estate in the latter half of this year.

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