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Expense Growth a Cloud in Strong Multifamily PerformanceEconomic growth and the tight labor market have kept multifamily demand robust through August. Rents rose slightly in August and occupancy rates remained steady. However, there are headwinds that include the rapidly growing expense side of the ledger, led by mushrooming property insurance costs.
Economic growth and the tight labor market have kept multifamily demand robust through August. Rents rose slightly in August and occupancy rates remained steady. However, there are headwinds that include the rapidly growing expense side of the ledger, led by mushrooming property insurance costs.
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