- Student housing: Yardi Matrix reports 93% preleasing for the 2026-27 academic year, while rent growth slowed to 1.1% as new supply and softer enrollment growth tempered pricing momentum.
- Rent recovery: U.S. multifamily rent growth accelerated to 2.2% in August, with 74.6% of metros posting monthly gains as recovery broadened beyond the strongest markets.
- Concessions squeeze: Miami’s 34,965-unit construction pipeline is intensifying renter competition, keeping rents flat at $2,590 and forcing developers to balance lease-up concessions with renewal retention.
- Sales cool: Multifamily sales rose 8% in the first half of 2026, but Q2 momentum faded as higher rates pressured financing, with median prices falling to $185,200 per unit.
- Affordable squeeze: Portland’s apartment oversupply has narrowed the gap between market-rate and subsidized rents, leaving about 2,200 affordable units vacant amid rising operating costs and financial strain.
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