Market Outlook: Rent Vs. Buy Premium Drives Strong Performance in Multifamily Sector
Date postedNovember 22, 2023
Favorable demand conditions as well as the limited supply of competitive housing types, such as existing single-family homes, continued to benefit public real estate investment trusts (REITs) in the third quarter. Despite largely positive results across the board for public-reporting companies—including strong lease renewal and occupancy rates—several REITs did note the delivery of new apartment supply as a potential headwind to rental rate growth among new residents.