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Special Report

Luxury Renter Demand Outlook

April 2022

Renter Demand for Luxury Apartments Surges

Transaction volumes for U.S. luxury Class A apartments have soared to all-time highs over the past year or so, pushing pricing for this property segment to new records. The voracious investor appetite for high-end units isn’t surprising when you consider that renter demand in this niche of product has been robust, sending vacancy rates down and rent achievement up.  

Looking ahead, it’s important to understand how renter demand for high-end rental product has reached such strong levels, and to think about market influences that will need to come together for substantial absorption of Class A apartments to remain sustainable.

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