Скачать или смотреть 🏢 Multifamily 2023: Oversupply, Rent Growth, & Loan Maturities 📉💸

🏢 Multifamily 2023: Oversupply, Rent Growth, & Loan Maturities 📉💸

The multifamily sector is facing a tough 2023. For the sixth straight quarter, supply has outpaced demand, and over 20 markets are projected to see record deliveries this year. While the Midwest and Northeast are holding steady, many Sun Belt markets face rising vacancies and rent declines.

Key insights:
✅ Record new supply—the most since the 1980s—led by Austin with 18,000 units
✅ Rent growth leaders: Indianapolis, Cincinnati, Columbus, St. Louis
✅ Laggards: Phoenix & Las Vegas, with rents down -1.9%
✅ National rent growth forecasted to slow from 3.7% → 1.8%
✅ $254B in multifamily loan maturities coming by 2024
✅ Sellers adjusting pricing expectations downward by 41%

Multifamily remains in high demand among investors, but headwinds—interest rates, oversupply, and slowing rent growth—are changing the game.

📞 Need an experienced CRE broker? Call me at 281-222-0433 or schedule a consultation: Calendly Link

🔗 More Resources:
• Houston Real Estate Brokerage

• Houston Commercial Mortgage

• Bill Rapp Online

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