The commercial real estate industry is poised to reach the equilibrium it has been striving for during the past year, according to a Moody’s sector-by-sector analysis.
Moody’s characterized the multifamily sector’s second-half performance as balanced, with an expected 300,000 units completed across 79 major metros for the year. The average vacancy rate increased 10 basis points during the last two quarters, finishing 2024 at 6.1%, a 40 bps increase from last year. This is the highest level on record since 2011.
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