New York was the metro with the highest demand for rental apartments in the United States as of second quarter 2024. The net absorption between the third quarter of 2023 and the second quarter of 2024 in Austin was 23.8 thousand units, followed by Austin with 21.7 thousand units. Net absorption is the total number of units which tenants moved into, less the total amount of space which tenants moved out from of during a specific period.
Net absorption of multifamily units in selected metropolitan areas in the United States from 3rd quarter 2023 to 2nd quarter 2024
(in 1,000s)
Characteristic
Net absorption in thousand units
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CBRE Group. (July 31, 2024). Net absorption of multifamily units in selected metropolitan areas in the United States from 3rd quarter 2023 to 2nd quarter 2024 (in 1,000s) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1005984/net-absorption-multifamily-markets-usa/
CBRE Group. "Net absorption of multifamily units in selected metropolitan areas in the United States from 3rd quarter 2023 to 2nd quarter 2024 (in 1,000s)." Chart. July 31, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1005984/net-absorption-multifamily-markets-usa/
CBRE Group. (2024). Net absorption of multifamily units in selected metropolitan areas in the United States from 3rd quarter 2023 to 2nd quarter 2024 (in 1,000s). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1005984/net-absorption-multifamily-markets-usa/
CBRE Group. "Net Absorption of Multifamily Units in Selected Metropolitan Areas in The United States from 3rd Quarter 2023 to 2nd Quarter 2024 (in 1,000s)." Statista, Statista Inc., 31 Jul 2024, https://www.statista.com/statistics/1005984/net-absorption-multifamily-markets-usa/
CBRE Group, Net absorption of multifamily units in selected metropolitan areas in the United States from 3rd quarter 2023 to 2nd quarter 2024 (in 1,000s) Statista, https://www.statista.com/statistics/1005984/net-absorption-multifamily-markets-usa/ (last visited September 01, 2024)
Net absorption of multifamily units in selected metropolitan areas in the United States from 3rd quarter 2023 to 2nd quarter 2024 (in 1,000s) [Graph], CBRE Group, July 31, 2024. [Online]. Available: https://www.statista.com/statistics/1005984/net-absorption-multifamily-markets-usa/