COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

This week’s Rental Housing Weekly Briefing examines institutional participation in the single-family rental market, recent labor market developments shaping rental demand, and the key data releases to watch in the week ahead.

Over the past two decades, the New York City metro rental market hasn’t just grown — it has aged. Beneath the headline narratives about rent growth and post-pandemic volatility, a quieter structural shift has been unfolding: nearly all net growth in rental households has come from renters over the age of 35, while the number of under-35 renters has barely changed.

This week’s Rental Housing Weekly Briefing covers multifamily CMBS delinquency trends, national home price dynamics, and key macro and housing data to watch in the week ahead.

Recent national data continue to point toward gradual improvement. While on-time collections remain well below post-pandemic highs, the recent positive inflection — combined with improvement since late summer — supports a cautiously optimistic outlook.