Apartment demand has surged since Q2 2020 and currently it's the Class B apartment sector that has had the more impressive run of late, rising from 30 percent to 37 percent, according to the National Association of Realtors.
Class A absorption accounted for 48% of absorption in Q3 2021, however that is down from its 72% mark in Q1 2020, the period just before COVID-19 began to make its mark.
Meanwhile, Class C has gone from negative net absorption to positive net absorption of 15% since Q2 2020.
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