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U.S. Multifamily investment*
$94.2
Investment sales (YTD, billions of $US)
-0.2%
Year-to-date investment sale growth (%)
4.3%
Average cap rate (%)
-12
12-month change in cap rate (bp)
U.S. Multifamily property market*
30
12-month change in total vacancy (bps)
1.3%
​​12-month net absorption (% of inventory)
1.5%
12-month completions (% of inventory)
2.4%
12-month rent growth (per unit, %)
  • U.S. multifamily rent growth remains muted, but absorption rates are holding steady.

  • Multifamily volumes remain down and will see the first annual decline since 2009.

  • Primary multifamily market transactions see strongest quarter of 2017.

  • Focus on alternative sectors and suburban markets spurring REIT acquisitions to increase 17.8 percent year-over-year.

  • Supply-side risks in urban submarkets and tightening suburban fundamentals maintaining afocus on garden-style product.

*Data is from Q3 2017 U.S. Multifamily Investment Quick Look

U.S. Multifamily cap rate map

 Additional resources

Multifamily is a hit with foreign investors

As the second most popular sector with foreign investors in Q4, what’s driving the interest?​

[Infographic] U.S. secondary markets see record multifamily investment

Led by the West, secondary markets saw a 16-year high in multifamily investment during 2016, according to JLL’s U.S. Multifamily Investment Outlook. ​​​​​

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