MID-YEAR UPDATE
2021 U.S. ECONOMIC OUTLOOK & MULTI-SUITE RESIDENTIAL RENTAL MARKET FUNDAMENTALS
News & Knowledge
METROPOLITAN
METROPOLITAN OUTLOOK
The U.S. multi-suite residential rental market demand reached a record high level during the first half of 2021, which drove vacancy down to a 20-year low and pushed rents higher across the country.
NATIONAL
NATIONAL OUTLOOK
The U.S. economy continued to bounce back from the unprecedented pandemic-driven recession in 2021. Gross Domestic Product (GDP) was forecast to expand by roughly 7.0% this year.
