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Market Insights: Multifamily Industry Analysis for 2022

market insights
A look back on 2022: The return to not-quite normal

The MRI Software Market Insights team continues to track trends in the US multifamily industry. This report reflects on 2022 data and pre-pandemic comparisons to provide analysis and insight in three main areas:

  • Affordability – 2020 marked the beginning of a seasonality shift that carries through to 2022, with peak lease pricing occurring in autumn rather than summer.
  • Behavior – While applications and move-ins are consistent with prior years, traffic and touring volumes are down.
  • Technology – Use of online applications, resident portal usage, electronic payments and on-line service request submissions continues to be well above historical norms for applicants and residents.

The previous report covering data through the first half of 2022 is available here.

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45000+

Clients

20.1m

Units

4.2m

Leases

300+

Partners

170+

Countries