Slower Apartment Supply Restores Landlords' Pricing Power
The U.S. apartment market is experiencing a slowdown in new developments, with deliveries projected to drop by nearly 34% year-over-year in 2026 according to Marcus & Millichap. This decline in supply has led to improved fundamentals such as stable vacancy rates near 5.3% and expected rent growth of around 1.8%. Landlords are regaining pricing power, particularly in markets with constrained new construction.
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Topics: apartment market construction trends rent growth supply and demand