Where Do Multifamily Investments Make Sense?
Recent CPI and PPI reports found higher inflation at the producer and consumer levels, and while a rate hike is not expected at this week’s Federal Reserve Open Market Committee meeting, there is little chance for a rate cut from the FOMC. Interestingly, multifamily buyers have slightly increased their plans for acquisitions in the next 6 months, despite (or perhaps because of) an expected 1% drop in valuations over the same period. While nationally, multifamily investors have also reported more difficulties accessing capital, this may not be true for all regions. Weaker investor interest in lower-performing Sun Belt properties may be dragging down the national average, but the Midwestern multifamily market’s strong, stable fundamentals continue to draw the attention of investors looking for cash-flowing opportunities at an attractive basis.
National YoY Rent Growth Average, February 2026*
-0.20% ↑
* Based on data from RealPage, Zillow, Yardi Matrix, Apartment List, and CoStar
National Occupancy Average, February 2026*
93.7% ↑
* Based on data from RealPage, Yardi Matrix, Apartment List, and CoStar
3.65% ↑
3.64% –
The Apartment Market and the Economy
Inflation Update: CPI Up from 3.8% to 4.2% YoY, PPI Up from 5.7% to 6.5%
Interest Rate news from the Fed? For Warsh as chair, silence may be the point (CNBC)
Economic commentary: Inflation accelerates as household purchasing power weakens (Northmarq)
How Stronger Hiring and Rising Inflation Could Shape CRE (Marcus & Millichap)
Multifamily Markets and Reports
Fall 2026 Student Housing Pre-Leasing Near 80% as Momentum Begins to Moderate (RealPage)
Affordable Supply Pipeline Slowing, but Still Near Record Highs (Yardi Matrix)
Multifamily and Housing Markets
Realtor Confidence Index: Single Family Buyer and Seller Sentiment Steady, but Low (NAR)
June 2026 Housing Forecast: Multifamily Starts Expected to Drop by 8.5% in 2027 (Fannie Mae)
Single-Family Permits Continue to Decline Through April as Multifamily Activity Strengthens (NAHB)
CRE Markets and Reports
Data centers in space [why not?] (JLL)
The Mid-Year 2026: Green Lights Across CRE Finance (Trepp)
A Quiet Corner Of Private Credit Has Fueled Billions In Data Center Development (Bisnow)
The Market Is Absorbing CRE Maturities Better Than Expected (GlobeSt)
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