CHICAGO, IL - Origin Investments’ proprietary suite of machine learning models, Origin Multilytics, is forecasting that for the 12-month period from February 2023 to January 2024, year-over-year Class A apartment rent growth nationally will be negative by as much as 2% (-2%), the fourth largest rent decline in U.S. history, behind only World War I, the Great Depression, and the Great Financial Crisis. Negative rent growth also will occur in various regions, and in key gateway and.
CHICAGO, IL - Origin Investments, a leading multifamily real estate fund manager, predicts 2023 will include a moderate economic recession by October, negative annual rent growth of 1% to 5%, and increasing levels of real estate investor/manager distress. Despite these headwinds, the firm says the overall strength of real estate market fundamentals will result in a return to rent growth in 2024. Origin looks to preferred equity positions and build-for-rent developments as the leading real.