Analysis
After struggling through the first half of the year, the U.S. multifamily market burst through in the third quarter of 2021. Moody’s Analytics REIS reported that effective rent growth climbed 7.9% year-over-year, up from -1.6% for the second quarter. The vacancy rate improved to 4.7%, down from 5.3% in the previous quarter.
Articles
The Q3 2021 Single-Family Rental Investment Trends Report reveals the market had another strong quarter, fueled by robust rent growth and investor interest. Read the full report for an in-depth look at the SFR sector, featuring exclusive research and analysis.
Cap Rates Reach New Lows as Rents Continue to Soar The single-family rental (SFR) market had a strong third quarter, with record-setting growth continuing to attract new investors to the sector. This report provides an in-depth look at the SFR market with exclusive data and analysis on its performance. Key Findings: Cap rates dipped to 5.5% in the third quarter of 2021, hitting a new all-time low Vacant-to-occupied rent growth accelerated to a new high of 17.1% in July Occupancy rates were slightly below their generational high, reaching 95.0% in the third quarter Complete the form to instantly access the full report!
Articles
The eCore21 Summit brought together multifamily industry owners, operators, lenders and other executives to share their insights on the top trends impacting the multifamily market and what they expect in the year ahead. Here’s a quick recap of the eCore event.
Analysis
Multifamily rent growth for the U.S. overall was up 7.9% year-over-year during the third quarter of 2021, as Sun Belt markets continued to drive the recovery.
Articles
The pandemic accelerated the adoption of hybrid and work-from-home (WFH) setups across industries and geographies. While WFH adoption initially posed as a headwind for large multifamily properties in gateway markets, new tenants and urban dwellers are returning to the cities, bringing signs of optimism for rental demand.
Analysis
Las Vegas remained one of the nation’s top multifamily performers in the third quarter of 2021, with among the highest rent growth among large markets. After a brief pause at the onset of the pandemic, investors once again flooded into the market as sales volume neared a pace to reach 2019’s record high. The market also rose to the top of our Arbor-Chandan Large Multifamily Opportunity Matrix in 2021.
Research
The Q3 2021 Small Multifamily Investment Trends Report finds that the asset class may be less impacted by work from home trends than larger properties as fewer small multifamily tenants can work remotely. See how the small multifamily sector performed by reading the full report.
