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Freddie Mac Forecasts 2.5% Average Multifamily Rent Growth in 2024
December 20, 2023
Rent Growth Will Moderate vs. Historical Averages Freddie Mac, one of the nation’s biggest buyers of multifamily mortgage loans, predicts that multifamily rent growth across the United States will increase by 2.5% in 2024, with declining rents in certain markets that are experiencing pressure from new supply. Freddie Mac’s forecast of 2.5% rent growth nationwide…
Cincinnati Leads Nationwide Multifamily Rent Growth
November 30, 2023
Cincinnati has emerged as one of the leading nationwide markets for rent growth — not just in the Midwest, but in the entire country. Louisville, Kentucky, was also a strong performer. Rents in Louisville and Cincinnati grew be about 3.1% and 3.4%, respectively, as of the third quarter and these two markets ranked among the…
Residential Conversions Lead to Healthy Downtown Cincinnati Office Fundamentals
November 25, 2023
Not long ago, cities across the Midwest were suffering from disinvestment and a dearth of downtown growth. These cities became known as “donut hole” cities due to population centers that moved from the downtown core to outer-ring suburbs. The downtown cores of these cities were somewhat busy during the day, but virtually abandoned after 5pm…