Chief economist Greg Willett says rent growth to hold at 2.5% to 3%.
Small old apartments rely on tailored loan programs for improvements, maintenance.
RealPage and Axiometrics report high occupancy levels and stabilizing rent growth rates.
Forget about the millennials. With retirements looming, longevity increasing, and housing prices just right for equity liquidation, baby boomers are the here and now of the next decade of multifamily demand.
Rent growth should remain strong at above-average rates this year, but a decelerating pace has everyone eyeing their chairs in case the music runs out.