In Takeaways, Senior Market Analyst, Jordan Brooks, adds more insight into the conclusion of the monthly ALN Apartment Data newsletter article. Each month, we'll spend a little time discussing some of the data and interesting discoveries from the research into the topic.
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And so because we're seeing that unusual dynamic because the development cycle is so long in the tooth,
You're getting some unusual dynamics in the class C space where you actually are getting some new supply which is driving occupancy down which is Creating a headwind for rent growth And so it's not so much the case in these some belt markets where there struggles across the board that They're struggling with with poor demand in the workforce housing segments It's that there's a ton of new units and that still means mostly at the top of the market So class a and class B are dealing with that.
Again, especially in terms of occupancy performance.
Uneven Performance Between Price Classes - [ Ссылка ]...
Takeaways September 2024, Uneven Performance Between Price Classes
2024 has been an interesting year for the multifamily industry, and there have been some interesting developments at the price class level.
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New Supply and Its Impact on Class C Housing
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Positive Rent GrowthRental Market TrendsHousing Market AnalysisMultifamily Housing 2024Effective Rent IncreaseNew Supply ImpactSunbelt Market PerformanceApartment Demand InsightsNational Occupancy TrendsReal Estate Market ForecastRentReal EstateApartmentApartmentsRentalRentalsApartment TrendsReal Estate TrendsReal Estate Rentrent growth