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2021 Q3 Multifamily Columbia Report

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Multifamily demand remains consistent

Key Takeaways

  • 319 units will deliver in 2022
  • Lease rates were up 11% year-over-year for new leases

There have been no new deliveries in 2021. Annual completion volume is low compared to the past five years. Overall quarterly demand of 521 units is also lower than it was one year ago; however, the occupancy rate continues to rise quarter-over-quarter. 

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2021 Q3 Multifamily Columbia Report

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