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2019 Q4 Multifamily Ohio Report Colliers

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U.S. Market Overview

After hitting a 20-year high, occupancy dropped 50 basis points (bps) during the final quarter of 2019 to 95.8%. For the year, however, occupancy is up 40 bps due to continuing robust demand and a drop in new supply to the lowest number of deliveries in the past five years. As the supply of available units tightened, however, developers jumped back into the fray and the total number of units forecast for completion in 2020 is 370,000 with another 342,000 units coming online in 2021, according to data from RealPage.


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2019 Q4 Multifamily Ohio Report Colliers

Download Report