COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

Notably, the number of moves is up 12.1% compared to the 2024 total, making it the largest annual increase since at least the turn of the century. Further, it is the first time that the number of moves increased in consecutive years since 2010.

The Administration considers a national housing emergency as residential markets send mixed signals.

On-time rental payments in independently operated units improved in September 2025 — offering hope that the sector is moving off its performance floor. According to this month’s first estimate, 83.1% of units paid their full rent on time — an increase of 58 basis points (bps) from August.

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