St. Louis
St. Louis Permits Suggest Multifamily Revival
St. Louis multifamily permits rose 23% year-over-year in Q1, one of the few metros showing growth as national multifamily activity contracted 12%.
Multifamily
Indianapolis
Indianapolis Multifamily Cap Rates Reach 7% in 2026
Indianapolis multifamily cap rates reached 7.0% in Q1 2026, attracting value-focused investors as coastal metros compress below 5.5%.
Multifamily
Multifamily Permits Slide 12% as Financing Tightens
Multifamily permits for buildings with five or more units declined 12% year-over-year in the first quarter as financing conditions remained tight.
Cap Rates
Rental Cap Rates Compress in Major Metros as Demand Holds
Prime stabilized multifamily cap rates compressed 15 basis points in six top metros during the first quarter as investor demand firmed.
Phoenix
Phoenix Rental Market Cools as New Multifamily Opens
Phoenix apartment rents fell 3.3% year-over-year in March as 28,000 new units delivered in the past 18 months and vacancy climbed to 9.4%.
Rent Growth
Rent Growth Slows Nationally as New Supply Hits Market
National asking rents rose just 0.7% year-over-year in March, the slowest pace since 2010, as new multifamily deliveries absorbed demand.