Multifamily Markets Rebounded in First Quarter While Office Continued Slide

May 6, 2021 | Calvin Schnure | Nareit

Multifamily markets rebounded in the first quarter with the second-highest quarterly demand growth on record, according to data recently released by CoStar, while the deterioration in office markets continued. Retail markets have stabilized somewhat, with small positive net absorption for the second quarter in a row after significant negative net absorption in the second and third quarters of 2020. Industrial markets enjoyed robust demand, with net absorption of 89 million square feet, the highest demand growth in three years.

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