Multifamily rental growth update through October 2023
MRI Software
NOVEMBER 6, 2023
A drop in traffic and leases, combined with heavy doses of new supply, established lower occupancy percentages across the board. New construction deliveries in 2023, as well as in the coming years of 2024 and 2025, will be greater than the best year of deliveries since the Great Financial Crisis, or since 2010.
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