Despite delivering over 600,000 new apartments in the past year, multifamily demand is still robust with a 94.2% occupancy rate. Yet, prices are down 25%. The reason? Soaring interest rates.
Despite delivering over 600,000 new apartments in the past year, multifamily demand is still robust with a 94.2% occupancy rate. Yet, prices are down 25%. The reason? Soaring interest rates.