Rental growth softens in U.S. residential apartments despite sustained demand

Demand for U.S. rental apartments remains solid heading into the final months of 2017 with absorption firming during Q3 2017. At the same time, a substantial supply wave is gradually increasing vacancy rates from very low levels and moderating rental growth significantly. In the third quarter, national annual rental growth softened to 2.4% having steadily declined from 2016’s year-end figure of 3.3%.

Global Residential Clocks - Rents

Click on a regional clock to view city positions

U.S.: Multifamily Residential

EMEA: Central City

AP: Prime Residential

Source: JLL, November 2017

Institutional investment remains strong
in most European markets

Institutional investment remains strong in most continental European markets, with sales momentum picking up pace in Germany, while the Netherlands is set for record volumes in 2017. The UK institutional market is expected to grow rapidly as a significant pipeline of build-to-rent properties currently under construction are delivered.

Sales volumes remain low in Shanghai;
recovery continues in Singapore

In Asia Pacific, a restrictive policy environment and limited supply have continued to dampen sales volumes in Shanghai. New launches have boosted sales in Hong Kong, while a further improvement in market sentiment is underpinning a solid recovery in Singapore.

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