Forecast of multifamily rent growth in the U.S. 2018-2020

It was expected that the multifamily vacancy rate would stand at 5.8 percent in the third quarter of 2020 in the United States. In the fourth quarter of 2018, 6.4 percent of multifamily housing units were unoccupied. The vacancy rate is set to fall through the end of 2019, then increase in the first quarter of 2020.

U.S. multifamily housing sector

Multifamily housing, also known as build-to-rent, refers to a housing type where multiple apartments are contained within one housing unit, or when several buildings form a larger complex. In the United States, 354 thousand multifamily houses were started in 2017. The average size of such a housing unit was 1,094 square feet in that year.

Popularity among investors

Multifamily housing accounted for almost 15 percent of the housing stock in the United States as of August 2019. This type of real estate is popular among investors, because it tends to generate a steady cash flow, and be easy to obtain financing for.

Forecast of multifamily vacancy rates in the United States from 4th quarter 2018 to 3rd quarter 2020

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Release date

March 2019


United States

Survey time period

Q4 2018 to Q3 2020

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Statistics on "Multifamily homes in the United States"

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