Multifamily to Face Challenges This Year, Especially in the Sunbelt, Data Shows

Originally published on March 27, 2023, by Courtney Fingar for Globest.com.

Multifamily is facing negative headwinds this year and into the next in the form of outsized supply growth and weak demand drivers, according to PGIM Real Estate’s Quarterly Insights report.

Housing rent growth is compressing across market types. Occupancies in higher supply barrier markets are holding up well, while many Sunbelt markets are showing deterioration.

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