Apartments.com Releases Multifamily Rent Report for the Fourth Quarter of 2024
Apartments.com's Q4 2024 multifamily rent report shows national year-over-year asking rent growth eased to 1.0% in December 2024, down from 1.1% in September. The national rent per unit reached $1,729, up from $1,712 at the end of 2023. Quarter-over-quarter rents declined 0.4%, marking the second consecutive quarterly decrease.
The vacancy rate remained stable at 8.0%, with 113,200 units absorbed in Q4. Supply additions of 133,300 units continued to exceed absorption, though the gap narrowed to its smallest since Q4 2021. Full-year 2024 absorption reached 556,800 units, a 70% increase from 2023.
Detroit led the top 50 markets with 3.2% annual rent growth, followed by Kansas City (3.0%) and Cleveland (2.8%). Midwest markets showed strength, while Sun Belt markets struggled, with Austin experiencing a 4.8% rent decline. Luxury units (4&5-Star) led absorption but showed the weakest rent growth at 0.2% with an 11.4% vacancy rate, while mid-priced assets achieved 1.3% rent growth with a 7.3% vacancy rate.
Il rapporto sugli affitti multifamiliari del Q4 2024 di Apartments.com evidenzia che la crescita annuale degli affitti a livello nazionale si è attenuata all'1,0% a dicembre 2024, rispetto all'1,1% di settembre. L'affitto medio per unità ha raggiunto $1.729, in aumento rispetto ai $1.712 della fine del 2023. Gli affitti sono diminuiti dello 0,4% rispetto al trimestre precedente, segnando il secondo calo trimestrale consecutivo.
Il tasso di occupazione è rimasto stabile all'8,0%, con 113.200 unità assorbite nel Q4. Le nuove forniture di 133.300 unità hanno continuato a superare l'assorbimento, sebbene il divario si sia ridotto al suo valore più basso dal Q4 2021. L'assorbimento per l'intero anno 2024 ha raggiunto 556.800 unità, con un aumento del 70% rispetto al 2023.
Detroit ha guidato i 50 mercati principali con una crescita annuale degli affitti del 3,2%, seguita da Kansas City (3,0%) e Cleveland (2,8%). I mercati del Midwest hanno mostrato forza, mentre i mercati del Sun Belt hanno faticato, con Austin che ha registrato una diminuzione degli affitti del 4,8%. Le unità di lusso (4 e 5 stelle) hanno guidato l'assorbimento ma hanno mostrato la crescita degli affitti più debole allo 0,2% con un tasso di insolvenza dell'11,4%, mentre gli asset a prezzo medio hanno ottenuto una crescita degli affitti dell'1,3% con un tasso di insolvenza del 7,3%.
El informe de alquiler multifamiliar del Q4 2024 de Apartments.com muestra que el crecimiento interanual de los alquileres a nivel nacional se desaceleró al 1.0% en diciembre de 2024, bajando del 1.1% en septiembre. El alquiler nacional por unidad alcanzó los $1,729, en comparación con $1,712 a finales de 2023. Los alquileres disminuyeron un 0.4% de un trimestre a otro, marcando la segunda disminución trimestral consecutiva.
La tasa de vacantes se mantuvo estable en el 8.0%, con 113,200 unidades absorbidas en el Q4. Las adiciones de suministro de 133,300 unidades continuaron superando la absorción, aunque la brecha se redujo a su nivel más bajo desde el Q4 2021. La absorción del año completo 2024 alcanzó las 556,800 unidades, un aumento del 70% en comparación con 2023.
Detroit lideró los 50 principales mercados con un crecimiento anual de alquiler del 3.2%, seguido de Kansas City (3.0%) y Cleveland (2.8%). Los mercados del Medio Oeste mostraron fortaleza, mientras que los mercados de Sun Belt lucharon, siendo Austin el que experimentó una disminución del 4.8% en los alquileres. Las unidades de lujo (4 y 5 estrellas) lideraron la absorción pero mostraron el crecimiento de alquiler más débil con un 0.2% y una tasa de vacantes del 11.4%, mientras que los activos de precios medios lograron un crecimiento de alquiler del 1.3% con una tasa de vacantes del 7.3%.
Apartments.com의 2024년 4분기 다세대 임대 보고서에 따르면, 2024년 12월의 연간 요청 임대 성장률은 1.0%로, 9월의 1.1%에서 낮아졌습니다. 단위당 전국 평균 임대료는 $1,729에 도달했으며, 이는 2023년 말의 $1,712에서 증가한 수치입니다. 분기 대비 임대료는 0.4% 감소하여 두 번째 연속 분기 감소를 기록했습니다.
공실률은 8.0%로 안정세를 유지했으며, 4분기 동안 113,200 유닛이 흡수되었습니다. 133,300 유닛의 공급 추가는 흡수량을 초과했지만, 2021년 4분기 이후 가장 작은 차이를 보였습니다. 2024년 전체 연도 흡수량은 556,800 유닛에 달하며, 이는 2023년 대비 70% 증가한 수치입니다.
디트로이트는 50개 주요 시장 중 선두를 차지했습니다 annual rent growth of 3.2%, followed by Kansas City (3.0%) and Cleveland (2.8%). Midwest 시장은 강세를 보였으나, Sun Belt 시장은 고전을 면치 못했으며, 오스틴은 4.8%의 임대료 하락을 겪었습니다. 고급 유닛(4, 5성)은 흡수를 선도했지만, 11.4%의 공실률로 가장 낮은 0.2%의 임대료 성장을 보였습니다. 중간 가격 자산은 7.3%의 공실률로 1.3%의 임대료 성장을 달성했습니다.
Le rapport sur les loyers multifamiliaux du Q4 2024 d'Apartments.com montre que la croissance des loyers nationaux d'une année sur l'autre a ralenti à 1,0 % en décembre 2024, contre 1,1 % en septembre. Le loyer national par unité a atteint 1 729 $, contre 1 712 $ à la fin de 2023. Les loyers trimestriels ont diminué de 0,4 %, marquant la deuxième diminution trimestrielle consécutive.
Le taux de vacance est resté stable à 8,0 %, avec 113 200 unités absorbées au Q4. Les ajouts d'offres de 133 300 unités ont continué à dépasser l'absorption, bien que l'écart se soit rétréci au niveau le plus bas depuis le Q4 2021. L'absorption sur l'année complète 2024 a atteint 556 800 unités, soit une augmentation de 70 % par rapport à 2023.
Détroit a mené les 50 principaux marchés avec une croissance annuelle des loyers de 3,2 %, suivi de Kansas City (3,0 %) et Cleveland (2,8 %). Les marchés du Midwest ont montré de la force, tandis que les marchés du Sun Belt ont eu du mal, Austin connaissant une baisse de 4,8 % des loyers. Les unités de luxe (4 et 5 étoiles) ont conduit l'absorption mais ont montré la plus faible croissance des loyers à 0,2 % avec un taux de vacance de 11,4 %, tandis que les actifs de prix moyen ont atteint une croissance des loyers de 1,3 % avec un taux de vacance de 7,3 %.
Der Q4 2024 Mehrfamilienhaus-Mietbericht von Apartments.com zeigt, dass das nationale Jahr-zu-Jahr-Mietwachstum im Dezember 2024 auf 1,0% gesenkt wurde, gegenüber 1,1% im September. Die nationale Miete pro Einheit erreichte 1.729 $, ein Anstieg von 1.712 $ zu Ende 2023. Im Quartalsvergleich sanken die Mieten um 0,4%, was den zweiten aufeinanderfolgenden Quartalsrückgang markiert.
Die Leerstandsquote blieb stabil bei 8,0%, mit 113.200 Einheiten, die im Q4 absorbiert wurden. Die Zulieferungen von 133.300 Einheiten überstiegen weiterhin die Absorption, obwohl der Abstand auf das kleinste Niveau seit Q4 2021 schrumpfte. Die Gesamtabnahme im Jahr 2024 erreichte 556.800 Einheiten, was einem Anstieg von 70% im Vergleich zu 2023 entspricht.
Detroit führte die Top 50 Märkte an mit einem jährlichen Mietwachstum von 3,2%, gefolgt von Kansas City (3,0%) und Cleveland (2,8%). Die Märkte im Mittleren Westen zeigten Stärke, während die Märkte im Sun Belt kämpften, wobei Austin einen Rückgang der Mieten um 4,8% verzeichnete. Luxuswohnungen (4- und 5-Sterne) führten die Absorption an, wiesen jedoch das schwächste Mietwachstum von 0,2% bei einer Leerstandsquote von 11,4% auf, während mittelpreisige Objekte ein Mietwachstum von 1,3% bei einer Leerstandsquote von 7,3% erzielten.
- Full-year absorption increased 70% to 556,800 units in 2024
- Gap between supply and demand narrowed to smallest level since Q4 2021
- Mid-priced assets showed stronger performance with 1.3% rent growth and 7.3% vacancy rate
- Quarter-over-quarter rents fell 0.4%, second consecutive quarterly decline
- Luxury segment shows weak performance with 0.2% rent growth and 11.4% vacancy
- Supply continues to exceed absorption since Q4 2021
- Several Sun Belt markets experienced rent declines, with Austin down 4.8%
Insights
The Q4 2024 multifamily report reveals critical market dynamics that signal a significant rebalancing in the rental housing sector. The
The geographical divergence is particularly noteworthy - Midwest markets are showing resilience with Detroit leading at
The substantial
For CoStar Group (CSGP), this report demonstrates the robust value of their data services and market intelligence capabilities. The comprehensive market coverage and granular segmentation analysis reinforce their position as a leading real estate intelligence provider. The report's insights into market dynamics directly contribute to their subscription-based revenue model.
The market trends highlighted suggest potential revenue opportunities in mid-market segments where vacancy rates are lower and rent growth is more stable at
The data-rich nature of this report underscores CSGP's competitive advantage in market intelligence, particularly valuable as the real estate market enters a more nuanced phase requiring sophisticated analysis tools and insights.
Quarterly data shows rent growth easing through 2024
National year-over-year asking rent growth eased to
The national rent per unit closed the year at
The fourth quarter recorded 113,200 units of absorption, the second consecutive quarter of easing. Supply additions in the quarter numbered 133,300, once again exceeding absorption, a trend seen since the fourth quarter of 2021. However, the gap between supply and demand is now at its smallest over that same period, suggesting more balanced market conditions. For the full year 2024, absorption reached 556,800 units, a
At
At the opposite end of the spectrum, annual asking rent fell by
Absorption during the year was led by 4&5-Star units, with just over 429,000 units absorbed in the fourth quarter. However, with most new supply aimed at the luxury market, annual asking rent growth remained the weakest in that segment at
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FAQ
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