10/28/2024
Multifamily Market sees strongest demand since 2021.
New report out by CoStar. Of course we see markets like Austin that had a huge run up in the good times and now have rents dropping and vacancy shoot up north of 15%. Like I say all the time, Des Moines is not a s*xy market, but where we lack in s*x appeal, we make up in stability and consistency!
Multifamily demand expanded at the highest rate since 2021 during the third quarter of this year, with 176,000 units absorbed in an indication of a strong net change in occupancy.