U.S. Multifamily MarketBeat Q4 2024
The Cushman & Wakefield U.S. Multifamily MarketBeat Q4 2024 report analyzes apartment market fundamentals across 90 tracked markets, finding that 2024 delivered record absorption of over 436,000 units—72% above 2023 and 56% above the 2017-2019 average—yet vacancy rates still climbed to 8.9% nationally due to delivery of more than 530,000 new units. Construction activity has declined 40% from peak levels with only 230,000 new starts in 2024 (the lowest since 2012), positioning the market for tighter supply conditions over the next three to four years as most apartments scheduled for 2028 delivery have already broken ground.
Published by Cushman & Wakefield. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Cushman & Wakefield
- Obtained from
- Unknown: source not established
- Published
- Dec 31, 2024
- Last updated
- Jun 28, 2026 (1 month ago)
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