How Can We Help You?

Sector and market analytics

Driven by economists and leveraged by market makers.
CRE performance across major metros and asset classes. History and forecast by CBRE.

Thought leaders abound

Depth, breadth and rigor concentrated at all levels.
Synthesizing macro factors and leading indicators into actionable national, sector and market research.

Advantage is CBRE

Perspectives, scale and connections that work.
Commercial and cultural insight aligned with intellectual capital and experience to fuel informed real estate decision-making.

Which data are right for you?

Data views and extracts by scenario and on demand.
Check out the fundamentals, capital markets, and data tools now on our one-pager.

Experience the platform

See first hand why top institutional investors, direct lenders and private equity firms are clients.
Set a time that works for you.

Click the link above to access all EA Insights

Multifamily vacancy poised to rise in all major markets

Jun 21, 2023, 12:05 PM by Dennis Schoenmaker
By: Nathan Adkins & Dennis Schoenmaker, Ph.D.

Multifamily vacancy rates, currently hovering near pre-COVID levels, are poised to increase. A moderate recession—which we believe will begin later this year—will temper household formation and lead to higher vacancy in every major market. Notice that ALL the arrows are pointing up in Figure 1.

San Francisco, which has suffered from tech sector job losses and population losses, will see vacancy levels move even further away from historical norms. Vacancy will rise but remain close to the historical trend in New York as well as supply-constrained markets like Los Angeles and Orange County. 

In the Sun Belt, household formation will remain impressive but won’t be strong enough to offset robust supply growth in markets like Austin (up 16%) and Dallas (up 8%). This will likely lead to disappointing occupancy and rental growth over the next year.


Ready to Get Started?

60 second demos.


Experience the platform.


Become a client.

redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin play-btn line-arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard