At the midpoint of 2019, key indicators showed that the U.S. multifamily market was off to a strong start, with a 38th consecutive quarter of positive rent growth. The vacancy rate remained below long-term averages amid high levels of development activity. Sales volume was ahead of 2018’s pace, hitting a record-high annual total, and cap rates continued their downward trend. Demographics remain favorable for the sector as the economic expansion continues.
Source: Arbor Chatter
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