Multifamily Outlook

As we step into 2024, the real estate landscape is poised for a variety of challenges and opportunities. In this post, we break down highlights from Yardi Matrix’s Multifamily National Report for 2024 – including what to expect for rent growth, the overall multifamily sector, the economy and capital markets, and projected transaction volumes.

Rental Resurgence

In 2023, the Midwest emerged as the most competitive region for rentals, boasting three of its markets within the top five nationwide, according to research by RentCafe. While a majority of the U.S. experienced a softening in rental competitiveness, the Midwest defied the trend.