"NAIOP President and CEO Marc Selvitelli stated, 'It wasn't all that long ago that we were largely in the trough when it came to multifamily, but I think we're starting to see that change.' This reflects a shift in sentiment among multifamily developers as they anticipate a market recovery."
"Selvitelli noted that a growing number of property developers, owners, and managers sense that the multifamily market has begun to absorb the new supply, leading to expectations of rent increases. Yardi forecasts a 1.2% increase in advertised rent growth nationally for 2026."
"Despite the optimism, challenges remain. High vacancy rates persist, with occupancy rates falling 0.5% annually to 94.5%. The U.S. Census Bureau reported a rental vacancy rate increase to 7.3%, indicating ongoing difficulties in the market."
The multifamily sector has faced challenges such as stagnant rents and high vacancy rates. However, a recent analysis indicates cautious optimism for improvement. NAIOP's Spring 2026 CRE Sentiment Index suggests that commercial real estate leaders expect conditions to improve slightly over the next year. A surge in development earlier in the decade created downward pressure on rents, but many developers believe the market is beginning to absorb this supply. Yardi forecasts a 1.2% increase in advertised rent growth for 2026, despite ongoing high vacancy rates.
Read at www.housingwire.com
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