Midwest
While Sunbelt Markets Flounder, These Midwest Cities Actually Just Delivered a New Staggering Rent Growth Victory
January 29, 2025
CoStar Report Highlights Detroit, Kansas City & Cleveland Recent data from CoStar highlights a key trend: while Sunbelt markets cool under the weight of oversupply, several Midwest markets are quietly outperforming. Modest construction pipelines combined with steady rental demand are fueling nation-leading rent growth in cities like Detroit, Kansas City, and Cleveland. For those of…
Restrained Multifamily Construction Pipeline is Driving Midwest Rent Growth Above the National Average
July 21, 2024
Apartment Supply Glut Keeps the Sunbelt Running Last in the National Rent Growth Race With historically low vacancy rates and less supply-side pressure than other regions across the country, the Midwest multifamily market could maintain its standing on the national asking-rent-growth leaderboard longer than usual. The Midwest’s national rent growth leadership is being driven by…
Midwest Multifamily is Becoming An Even Better Bet in a Shifting Landscape
February 22, 2024
The multifamily investment landscape is evolving, and savvy investors are taking note. While concerns about rising construction and potential vacancy rate increases hang over the national market, one region is quietly emerging as an promising investment alternative: the Midwest. Midwest Rent Growth Defies National Slowdown Michael Gerrity, editor of The World Property Journal, reports that 2023 witnessed a…