What a difference a year makes. In the first half of 2022, rents were growing by 10% or more in over 75% of U.S. markets. The picture for 2023, by comparison, has looked decidedly different. Vacancies continue to rise as rents are dropping. The culprit? A glut of new units hitting the market.Unsurprisingly, many developers who bet big on multifamily are struggling with lease-up. Meanwhile, construction and operating costs are rising as borrowing ...

 Intuition has long been a key to success in the multifamily industry. Measuring the values of properties — both for purchasing units and figuring out the optimal rental price — requires a keen understanding of location, local economic opportunities, access to restaurants, transit, quality of local schools, and other factors that can be intangible and hard to quantify. Intuition is especially vital to estimating how long a given resident is ...