US Apartment Market Rebounds on Key Metric in Q1 but Remains Weak Historically

Article originally posted on Phoenix Business Journal on April 10, 2023

The U.S. apartment market saw demand rebound back into positive territory in the first quarter of 2023 but the first three months of the year were weaker by historic standards.

Still, it’s the latest sign the apartment market is returning to pre-pandemic levels, said Carl Whitaker, director of research and analysis at RealPage Inc., a Richardson, Texas-based data analytics firm that tracks the apartment market. RealPage found the U.S. added 19,243 net new renters in Q1, an improvement from the -114,000 net absorption observed in 2022.

Find The Complete Article Here: https://www.bizjournals.com/phoenix/news/2023/04/10/us-apartment-market-rebounds-q1.html