The Bowery Blog

Propelled by a strong economy, demand for multifamily units has been healthy for much of the current economic cycle. Over the past ten years, nearly 3 million new apartment units have filled, dropping vacancy rates to a cycle low – driving steady rent growth. Overall, the multifamily sector has performed consistently well for several years running. While signals of a minor economic slowdown have surfaced, growth in the multifamily market should, nonetheless, remain healthy throughout 2020.

Multifamily properties had another banner year in 2019 and are expected to remain healthy in 2020. Despite an increase in supply, vacancy rates and rent growth are both holding steady as investors are starting to chase yields in secondary markets.