Randolph is a Multifamily Investment Sales Broker with eXp Commercial servicing Multifamily Buyers and Sellers in the Greater Chicago Area.

Latest posts by Randolph Taylor (see all)

Mainstreet | 4.20.23 Commercial Deal Makers Forum - March 21, 2023
High-Income Renters Stay Out of Homebuying Fray - March 14, 2023
Rent Growth Climbs Slightly in February | National Apartment Association - March 10, 2023

Apartment Housing Demand Remains Strong;
Investors Pursue Yield to Broader Range of Markets

The apartment sector notched another healthy quarterly performance as the resounding strength of the employment market sustains demand for rentals. Class B and C units maintained particularly tight vacancy levels, delivering solid rent growth. Markets with elevated construction levels could face pockets of heightened competition as new apartment facilities go through lease-up.

■	Although development is elevated, it remains concentrated. Roughly one quarter of apartments slated for delivery this year will come online in only five markets.
■	The United States is on track to achieve multifamily rent growth of 3 percent or better for the ninth consecutive year in 2018.
■	Historically low apartment cap rates have encouraged many buyers to consider a wider range of locations and asset classes in order to reach targeted yields.