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The Multifamily Newsletter

Finding Multifamily Success in 2026

Resilience and growth are not hard to find in the multifamily investment market, but national rent growth averages, along with the dominant narrative of apartment performance, have been skewed by data from high supply, low rent growth markets largely concentrated in the Sunbelt. Occupancy and income pressures continue nationwide, but there are stark differences in the performance between specific markets and broader regions, with the Midwest and Northeast as consistent leaders. With lower CPI inflation numbers strengthening the case for interest rate cuts in the months to come, investors looking for success in the 2026 multifamily market may need to look outside of the Sunbelt to find it.


National YoY Rent Growth Average, November 2025*

-0.51%↓

* Based on data from RealPage, Zillow, Yardi Matrix, Apartment List, and CoStar

National Occupancy Average, November 2025*

93.43%↓

* Based on data from RealPage, Yardi Matrix, Apartment List, and CoStar


10-Year Treasury

4.17% –

7-Year Treasury

3.96% ↑

5-Year Treasury

3.77% ↑


SOFR

3.66% ↑

Federal Funds Rate

3.64% ↓


Multifamily and the National Economy

CPI Inflation Steady at 2.7% YoY as Shelter, Rent Growth Trending Lower (Bureau of Labor Statistics)

Multiple Factors Supportive of Institutional Commercial Real Estate Investment in 2026 (Marcus & Millichap)

Multifamily Tailwinds: Wage Growth, Rental Affordability, and Solid Demographic Trends (RealPage)

The Rental Market’s Peak Season is Becoming Less Pronounced (Apartment List)


Multifamily and the Housing Market

Cooler winter rent growth is “not stopping investors from increasing transaction volume” (Yardi Matrix)

A frozen tsunami: why inherited homes won’t solve the housing crisis (Cotality)

Rates Plunge to Lowest Level Since 2022, After Trump’s $200 Billion Mortgage Bond Buying Spree (Realtor.com)

What would it take to make housing more affordable? Answer: “Make it easier to build” (Marketplace)


Struggle and Stability in the Apartment Market

Multifamily 2026 Outlook: Sunbelt and Mountain Markets Struggle, Midwest and Northeast Stable (CBRE)

National rent growth turned positive, snapping five-month trend of flat or falling rents (CoStar)

Builder Sentiment Loses Ground at Start of 2026 (NAHB)

Multifamily Faces a Long Road to Recovery (GlobeSt)


Debt, Financing, and Commercial Real Estate Markets

Retail Market Statistics | Q4 2025 (Colliers)

Private capital trends to watch include “[h]igher flows to continuation funds that extend the lives of assets” (MSCI)

Special Servicer Workout Strategies Shift Toward Resolution as Foreclosures Surge (CRED iQ)

The Year-End 2025 | Office Recovery, Refinancing Cycles, & Where CRE Opportunity Lies Next (Trepp)


Subscribe Today to Our Weekly Email Newsletter

This newsletter is for informational purposes only and do not constitute an offer to sell nor a solicitation to purchase interests in J and G Capital, LLC (the “Company”) or any affiliate or assign nor any other securities. This newsletter is not financial advice, and the and newsletter does not purport to contain all information that is or could be material to an investor in deciding whether to make an investment in the Company. An investment in the Company is subject to a variety of significant risks and considerations that are detailed in the Company’s Subscription Agreement, Disclosure of Investment Risks, Operating Agreement, and related documents (the “Offering Documents”). Prospective investors are advised to review the Offering Documents and consult their own legal, financial, and tax advisors regarding any potential investment in the Company. Subscriptions for an investment in the Company will not be accepted from any prospective investor unless and until such prospective investor has received and fully reviewed a copy of the Offering Documents and has executed and delivered all documents required in connection with such investment. Past performance may not be indicative of future results.

J+G Companies
21 S Rangeline Rd, Suite 300A
Carmel, IN 46032

317.818.0926

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