COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

Many current development targets require rates to fall, which the market is no longer expecting.

This week’s Rental Housing Weekly Briefing examines Yardi Matrix’s latest multifamily market data and the May jobs report, with both pointing to steady demand but continued pressure from elevated rates and soft rent growth.

With futures markets now pricing a greater-than-even chance of a Fed hike before year-end, rate relief is off the table for the foreseeable future.

Homeownership barriers have caused the number of high-income households to surge, bust cost pressures have filtered down the income ladder

This week’s Rental Housing Weekly Briefing examines uneven multifamily rent growth across US metros alongside new Arbor-Chandan research showing persistent barriers in the renter-to-owner transition.

NYC rent growth remained well ahead of the national pace in April, with Manhattan pulling further ahead while borough-level momentum stayed uneven.

National multifamily rent growth held near 1.0% in April, while short-term momentum improved modestly. Conditions remain soft, but the latest data suggest the market is no longer broadly worsening.

This week’s Rental Housing Weekly Briefing examines renewed pressure on apartment valuations alongside continued improvement in mom-and-pop rent collections, even as late-payment pressure remains elevated.

The May 2026 Independent Landlord Rental Performance Report from Chandan Economics and RentRedi shows continued improvement in on-time rent payments across independently operated rental properties. But while full-payment outcomes remain resilient, late-payment pressure is still elevated, pointing to an uneven recovery beneath the surface.