The first quarter of 2019 marked the 37th consecutive quarter of positive rent growth for the U.S. multifamily market. Vacancy remained below long-term historical averages, amid high levels of development activity that haven’t been seen since the 1980s. Cap rates continued their downward trend and measures of value outpaced other property types. Demographics remain favorable for the sector as the economic expansion continues.
Source: Arbor Chatter
