📣 One of my favorite Multifamily Cycle updates of the year 📣 “How’s the multifamily market???” is a loaded question. The answer depends on where you are in the country and even within the Midwest, the story changes dramatically metro to metro. This cycle is different. Traditionally, markets like Vegas, Tampa & Phoenix have moved in sync… but not this time. 👉 Northern & Midwestern metros are leading the recovery. 👉 Sun Belt markets are lagging as they work through heavy supply pipelines. Multifamily Sector Metrics: 🧢 Cap Rates: Urban Class B rose 6 bps → 6.27%; Suburban Class A slipped 1 bps → 5.68% 👻 Vacancy: Class A up to 7.46%; Class B up to 5.16% 📈 Rents: Class A ↑ 6.16% to $2,070.69; Class B ↑ 3.35% to $1,351.50 📊 Cycle Shift: Recovery-phase markets ↑ to 32.8%; recession-phase markets ↓ to 9.8% Every metro is sitting in its own spot on the cycle chart. Some make sense… others might surprise you. 👉 Does your market’s position feel right? Thanks to @IntegraRealty Resources for helping us answer the big question: “How is the Multifamily Market?”

How is the #Multifamily Market? Well, it depends... @IntegraRealty publishes one of my favorite reports to help each section of the country understand exactly what "cycle" we they might find themselves. Not all markets are equal. Here in #Chicago and the #Midwest, we have had virtually no new supply hit the market. In fact, Chicago only has 1.2% of the total multifamily stock in development. The national average is 3.6% This is why investors are flocking back to the Midwestern markets while remaining cool on many of the SunBelt regions. #MultifamilyReidOut

Exactly. This is why I love the @IntegraRealty multifamily cycle maps.

How is the #Multifamily Market? Well... It depends. The market cycle metrics of of a particular market will determine how this question is answered. #Recession is not equal in all markets. One of my favorite updates from Integra Realty Resources is their Multifamily Market Cycle charts. See where your market fits in the wheel. #MultifamilyReidOut