Moody's: Multifamily Demand "Softened notably over the past few quarters"

Apartment Vacancy Rate Increased in Q1

The big story here is that demand for apartments has softened recently, rents are falling in some areas, and there are a large number of apartments currently under construction that are expected to be delivered this year.

From Moody’s Analytics Senior Economist Lu Chen and economist Nick Luettke: Apartment temporarily oversupplied, Office approaching pea…