The U.S. multifamily rental market continues to adjust to an influx of new supply across the country. 2017 marked the expected peak of the development cycle, with annual rental growth decelerating and a slight rise in the national vacancy rate to 5.2%. With new ground-breakings in the multifamily sector now slowing, fundamentals are well positioned to stabilise over the next 18 to 36 months.
Click on a regional clock to view city positions
U.S.: Multifamily Residential
Refers to rents for en-bloc rental apartment communities Source: JLL, February 2018
EMEA: Central City
Refers to rents for residential units in the central areas of each city Source: JLL, REAS, February 2018
AP: Prime Residential
Refers to rents for prime residential units in each city Source: JLL, February 2018
Source: JLL, February 2018
Institutional investor demand remains buoyant in continental Europe, with investment volumes climbing higher in Germany while the Netherlands registered a record year for transactional activity. The UK institutional market remained on its growth trajectory, with investment volumes 20% higher in 2017 and expectations of continued strong growth this year.
In Asia Pacific, a tight housing policy stance and limited issuance of pre-sales certificates have impacted sales activity in Shanghai. Elsewhere, market sentiment has led to sustained sales momentum in Singapore as well as Hong Kong, where buyers have snapped up flats in new launches.
How Millennials are making suburban living their own
How outdoor spaces enrich high-rise living in Asia Pacific
How co-living is filling a need in Asia
Why more is more for today’s mixed use developments