At the end of winter, the U.S. multifamily market showed steady performance despite economic uncertainty. The average advertised asking rent rose to $1,751, with a 1.2% year-over-year increase, while occupancy remained at 94.5%. Rent growth varied regionally, with New York leading at 5.6%. Challenges for rent growth in March include high supply and new economic policies. Multifamily supply is expected to decelerate, with forecasts of 525,000 deliveries in 2025. The single-family build-to-rent market also remained stable, with rents flat at $2,165.
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