Market Trends

From Dallas to Houston, major multifamily markets in Texas lag the nation for rent growth and vacancy, even as some smaller markets outperform. Get the highlights from CoStar’s latest data for the second quarter.

Even as the supply and demand gap continues to shrink, rent growth and vacancy have held steady, according to the latest CoStar data for the second quarter.

With national rent growth at 1.2 percent in the second quarter, some local markets are performing three to four times better than the national average. Here’s where rent growth has surged ahead.

Rent growth and vacancy continue to hold steady, according to the latest CoStar data for the first quarter. Asking rents remained at 1.1 percent nationally, while vacancy averaged 8.1 percent.

Which multifamily markets are expected to post the strongest rent growth in the first quarter of 2025? Major markets in the Midwest and Northeast lead the pack, with a few surprises from other parts of the country.

2024 saw a year of minimal rent growth and steady vacancy, despite a dramatic delivery of new supply and rise in demand. Here’s how different markets stacked up.

Asking rents have been falling faster in Austin than any other major market, and the metro has the highest multifamily vacancy rate. What’s behind the dismal numbers in Austin?

The shrinking gap between multifamily supply and demand in the third quarter comes after nearly two years of decelerating rent growth and high vacancy.

Long considered a highflyer in the multifamily industry, the Sun Belt region is now beset by high supply, low demand, and flat or declining asking rents. Here’s why recovery will be slow.