Insights
Market Insights: Multifamily Industry Analysis for 2023
A full-year review of 2023 multifamily trends
The MRI Software Market Insights team continues to track trends in the US multifamily industry. The 2023 year in review report provides deeper historical context by comparing full-year performance on a number of key multifamily metrics to the prior four years, spanning pre-pandemic, pandemic, and post-pandemic time periods.
See how 2023 multifamily metrics compare to previous years and why 2024 will be a mix of familiar and unpredictable behaviors:
- New lease pricing growth
- Factors that will impact rent growth in 2024
- Higher renewal rates
- Rent payment trends
- How prospects and residents are using technology
The previous report covering data on the first two-thirds of 2023 is available here.