The Radix Review: Multifamily Trends Explained

Multifamily Operational Results  Occupancy: Occupancy eased 2 basis points to 94.53%, holding even with a year ago for the second straight week. Leased occupancy slipped 4 basis points to 96.75% but moved 1 basis point above last year, the first time this fall it has topped the year-ago level. Leasing: Properties averaged 2.1 new leases, just below the 2.2 pace of the previous four weeks and still...

Multifamily Operational Results Occupancy: Average U.S. occupancy declined 0.09 percentage points week over week to 94.45%, though it remains 0.03 percentage points above last year, down slightly from 0.02 percentage points above the week before. Leased occupancy fell 0.10 percentage points to 96.60%, its fourth consecutive weekly decline, and stands 0.02 percentage points above last year for the...

Multifamily Operational Results  Occupancy: Average U.S. occupancy edged up 0.01 percentage points on the week to 94.53%, holding 0.02 percentage points above last year for a second straight week. Leased occupancy fell 0.04 percentage points to 96.70%, a third consecutive weekly decline, though it remains 0.03 percentage points above last year. Occupancy has stayed between 94.48% and 94.58% for 10...

Multifamily Operational Results Occupancy: Occupancy eased 2 basis points to 94.53%, holding even with a year ago for the second straight week. Leased occupancy slipped 4 basis points to 96.75% but moved 1 basis point above last year, the first time this fall it has topped the year-ago level. Leasing: Properties averaged 2.1 new leases, just below the 2.2 pace of the previous four weeks and still...

Multifamily Operational Results Occupancy: Occupancy rose to 94.55%, now exactly even with a year ago after trailing through the summer. Leased occupancy fell 6 basis points to 96.79%, within 1 basis point of last year. Leasing: Properties averaged 2.2 new leases for the fourth straight week, 0.2 below last year, down from a 0.4 gap the week before. Traffic ticked up slightly. Four steady weeks su...

Multifamily Operational Results The national multifamily market began the fourth quarter on firmer footing, led by the broadest occupancy improvement seen in several months. Average U.S. occupancy increased 7 basis points week over week to 94.54%, narrowing the year-over-year gap to just 8 basis points. The improvement was widespread, with 25 of 28 tracked markets posting occupancy gains. Leased o...

Multifamily Operational Results The national multifamily market remained largely stable during the week ending September 20, with fundamentals continuing to track close to prior-year levels despite modest week-over-week declines. Average U.S. occupancy slipped 4 basis points to 94.48%, leaving it just 13 basis points below the same period last year. Leased occupancy fell 6 basis points to 96.86%,...

Multifamily Operational Results The national multifamily market remained largely stable during the week ending September 20, with occupancy continuing to track closely to last year's levels. Average U.S. occupancy was 94.53%, down just 4 basis points from the prior week and only 10 basis points below the same period a year ago. Leased occupancy declined modestly to 96.92%, trailing last year&...

Multifamily Operational Results The national multifamily market remained remarkably stable during the week ending September 13, with occupancy continuing to track very closely to prior-year levels. Average U.S. occupancy was 94.56%, down just 2 basis points from the prior week and only 9 basis points below the same period last year. Leased occupancy declined modestly to 97.00%, trailing year-ago l...

Multifamily Operational Results The national multifamily market held its ground during the week ending September 6, with annual comparisons continuing to tighten as the calendar turns past peak season. Average U.S. occupancy was 94.54%, up 1 basis point week over week and now just 11 basis points below the same period last year, narrowing again from 16 basis points the prior week. Leased occupancy...

Multifamily Operational Results The national multifamily market remained stable during the week ending September 6, with year-over-year comparisons continuing to improve as the industry moves beyond peak leasing season. Average U.S. occupancy increased slightly to 94.54%, up 1 basis point on the week and now just 11 basis points below the same period last year, improving from a 16-basis-point gap...

Multifamily Operational Results The national multifamily market showed signs of stabilization during the week ending August 23, with occupancy recovering a portion of the prior week's decline. Average U.S. occupancy increased 10 basis points to 94.44%, though it remains 26 basis points below the same period last year. Leased occupancy also improved, rising 13 basis points to 96.93%, while con...

The national multifamily market softened during the week ending August 16, driven primarily by a broad decline in occupancy. Average U.S. occupancy fell 46 basis points week over week to 94.36%, and now sits 36 basis points below the same period last year after four consecutive weeks above year-ago levels. Leased occupancy also declined, falling 14 basis points to 96.80% and trailing last year by...

The national multifamily picture held its footing in the week of August 9, with leasing continuing to build even as the other metrics leveled off. As of August 9, the average U.S. occupancy rate was 94.83%, essentially flat on the week and up 9 basis points from a year ago, holding above last year for a fourth straight week, though the margin has narrowed to a slim edge. The leased percentage was...

The national multifamily picture strengthened broadly in the week of August 2, with rents and leasing both picking up as occupancy held above last year. As of August 2, the average U.S. occupancy rate was 94.86%, up 4 basis points on the week and up 16 basis points from a year ago. That's a third straight week above last year. Leased percentage was 96.89%, up 11 basis points on the week and d...

The national multifamily picture held its ground in the week of July 26, with occupancy staying above last year for a second straight week. As of July 26, the average U.S. occupancy rate was 94.82 percent, essentially flat on the week and up 29 basis points from a year ago. The leased percentage was 96.77 percent, up 3 basis points on the week and down 62 basis points from last year. Last week&apo...

The national multifamily picture took a clear step up in the week of July 19, led by a notable jump in occupancy. As of July 19, the average U.S. occupancy rate was 94.85 percent, up 49 basis points from the prior week and now 39 basis points above a year ago. That is the first time occupancy has run ahead of last year in months. The leased percentage was 96.74 percent, up 29 basis points on the w...

The national multifamily picture kept improving in the week of July 12, with occupancy firming to its best annual comparison in recent weeks. As of July 12, the average U.S. occupancy rate was 94.37%, up 9 basis points from the prior week and down just 17 basis points from a year ago, the narrowest annual occupancy gap in the recent stretch. The leased percentage was 96.45%, up 8 basis points on t...

The national multifamily picture held steady in the week of July 5, with the gap to last year continuing to close on most metrics. For much of the spring, the annual comparisons had been improving week by week as this year's numbers caught up to last year's. That progress stalled briefly the week prior, then resumed this week. As of July 5, the average U.S. occupancy rate was 94.28 perce...

The national multifamily picture settled back this week after last week's jump, with occupancy holding roughly steady. As of June 28, the average U.S. occupancy rate was 94.24%, essentially flat on the week and down 29 basis points from a year ago. The leased percentage was 96.28%, unchanged on the week and down 93 basis points from last year.  Occupancy is holding the line, but the small imp...

The national multifamily picture strengthened in the week of June 21, with momentum building across nearly every metric. As of June 21, the average U.S. occupancy rate was 94.32%, up 6 basis points from the prior week and down just 25 basis points from a year ago, the narrowest annual gap we have seen in recent weeks. The leased percentage was 96.37%, up 6 basis points on the week and down 86 basi...

Multifamily Operational Results  The national multifamily picture stayed stable in the week of June 14, with a small encouraging shift underneath the surface. As of June 14, the average U.S. occupancy rate was 94.26%, up 3 basis points from the prior week but still down 33 basis points from a year ago. The leased percentage was 96.31%, up 5 basis points on the week and down 101 basis points from l...

Multifamily Operational Results  The national multifamily picture held steady to open June, with occupancy ticking up slightly on the week even as the annual comparison stayed soft. As of June 7, the average U.S. occupancy rate was 94.24%, up 2 basis points from the prior week but down 23 basis points from a year ago. The leased percentage was 96.27%, essentially flat week over week and down 104 b...

The multifamily market closed out May on a note of quiet resilience. Occupancy nudged higher for the week, the year-over-year gap continued to narrow, and leasing activity held steady. The rent side remains the story that operators are watching most closely. As of May 31, the average U.S. occupancy rate was 94.22%, up 4 basis points from the prior week and down 22 basis points from a year ago. The...

The national occupancy rate held at 94.20% for the week of May 24, up one basis point from the prior week. The leased percentage came in at 96.22%, also edging up five basis points week over week. Both metrics remain below last year's pace, down 22 and 137 basis points respectively, but the week-over-week stability suggests seasonal demand is absorbing new availability without further deterio...