Research - AUGUST 13, 2021

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Cushman & Wakefield: Urban core joining multifamily surge

by Andrea Zander

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.

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