Ashcroft Insights Market Report

The Q1 2024 Real Estate Market Report presents an in-depth analysis of the multifamily market’s current landscape and forecasted trends.  

The multifamily market stands at a juncture, aligning with broader economic trends that hint at a gradual yet positive trajectory. 

In a period marked by cautious optimism, our report distills complex data into four pivotal findings, offering a clear perspective on what lies ahead: 

1. New Construction: A dip in new multifamily units is projected in 2024 (444,000) 
2. Rents & Occupancy: National multifamily rents are maintaining a steady average of $1,709/month, with robust occupancy rates around 94.8% 
3. Interest Rates: The Federal Reserve is expected to cut rates in 2024 
4. The Economy: A significant amount of debt is set to mature in 2024 

Other focal points include analyzing inflation trends, examining the dynamics of multifamily loans, understanding market absorption rates, and evaluating property classes.