Multifamily Hopes and Fed Hike Fears
The summer of 2026 is looking brighter than 2025, with data showing a more extended leasing season this year and increasing occupancy. Rent growth and occupancy may trend down as 2026 progresses, but this more robust mid-summer rent growth is an encouraging sign of growth in multifamily performance after years of downward pressure due to the record amount of apartment construction. Tariffs, oil prices, and inflation pressures have led to some anxieties over a potential interest rate hike from the Federal Reserve, but multifamily investors may be more likely to see relief in the form of (gradually) improving apartment performance rather than lower interest rates.
National YoY Rent Growth Average, June 2026*
-0.20% –
* Based on data from RealPage, Zillow, Yardi Matrix, Apartment List, and CoStar
National Occupancy Average, June 2026*
93.53% ↓
* Based on data from RealPage, Yardi Matrix, Apartment List, and CoStar
3.64% ↑
3.64% –
The Apartment Market and the Economy
Has the Apartment Market Turned to the Upside? (Marcus & Millichap)
June Rent Report: Rent Went Up But So Did the Freebies (Zillow)
Growing number of brokerages see July Fed decision as ‘a close call’ (Reuters)
Property Tax Caps And Exemptions Sweep Onto State Ballots (GlobeSt)
Multifamily Markets and Reports
Share of Apartments Built in Buildings with 50+ Units Moved Higher in 2025 (NAHB)
New York City Halts Construction at Another Office-to-Residential Conversion (Wall Street Journal)
Multifamily and Housing Markets
Single Family Rental Report: Affordable Rentals Drive SFR Performance (Yardi Matrix)
Remodeling Spending Poised for Further Slowdown (Harvard Joint Center for Housing Studies)
New Home Sales Down 5.6% as Affordability Challenges Persist (NAHB)
CRE Markets and Lending Data
Commercial Property Price Index: CRE Prices Remain Flat (MSCI)
The Data Center Effect On Industrial Demand, Jobs And Local Revenue (Cushman & Wakefield)
Transforming corporate real estate from a decentralized to centralized model (Colliers)
Where AI is changing jobs and what it means for real estate (JLL)
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