Coastal & Sunbelt Multifamily April 2021

Operating fundamentals improved across U.S. markets in April as the economy reopens and begins to normalize in eight major markets: Boston, Manhattan, DC, Atlanta, Dallas-Fort Worth, Los Angeles, San Francisco, and Seattle.

Asking rates improved across the markets, led by 2.2% MoM Atlanta; effective rents improved YoY for each market except Manhattan and San Francisco; absorption on a trailing 12-month basis was strongest in Atlanta, Dallas-Fort Worth, and Boston, while Manhattan and San Francisco were negative.

2H2021 outlook remains bullish

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