Apartment occupancy appeared to be improving in many markets from their local low point to close 2024.
Among the nation’s largest 50 metro areas, half saw occupancy increases between 30 basis points and 100 bps last year, according to data from RealPage Market Analytics. These markets were generally within reach of the national average improvement of 60 bps in 2024.
Six markets, including New York, Boston and Orange County, had occupancy improve slightly, by up to 20 bps compared with the previous year. These were exclusively coastal markets, the firm said.
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