Cushman & Wakefield releases report covering how urban multifamily properties in the United States are performing mid-year 2021.
Key findings include:
Concessions are falling and occupancies and rents are rising across the nation.
Among urban core counties, revenue per available square foot (RevPAF) has recovered the most in class B and C product categories, the South, Midwest and in secondary and tertiary markets.
RevPAF has recovered to pre-pandemic levels in Chicago and is on track to do so soon in Boston, Los Angeles and Washington, D.C. San Francisco and New York still have a way to go but are turning the corner.
To read the full report, click here.