Where Multifamily Rent Growth Persists Despite National Picture

Original article appears in GlobeSt.com

Despite a cooling national picture for U.S. multifamily rent growth, some markets continue to outperform the broader trend, showcasing pockets of resilience driven by strong demand and localized supply-demand imbalances.

In the GlobeSt. article “Where Multifamily Rent Growth Persists Despite National Picture,” industry observers highlight that even as overall rent increases slow, select cities with constrained housing stock and robust job markets are still seeing upward pressure on rents. This divergence underscores how multifamily fundamentals vary widely across regions, with certain metros bucking the national slowdown due to tight vacancy conditions and ongoing population growth.

CORFAC member, Ed Del Beccaro, EVP and San Francisco Bay Area regional manager at TRI Commercial/CORFAC International, was quoted in the article, stating, “The multifamily market is in a period of adjustment, but we’ve also seen certain regions show significant growth despite national cooling trends.”

Explore which markets are defying the trend and why these dynamics matter for investors and property managers.