What’s next for multifamily occupancy and rent growth? Mike Brewer dives into the latest Wall Street Journal article on shifting vacancy rates and demand recovery across key markets. Tune in to hear why it’s an exciting time for the industry and what 2025 may hold! In this episode of Multifamily Collective, Mike Brewer unpacks a timely Wall Street Journal article forecasting trends in multifamily vacancies, renewals, and absorption rates. With 1.2 million units delivered over the past two years, the market has seen significant vacancy increases in Sun Belt hotspots like Austin, Phoenix, Tampa, and Atlanta. Despite high vacancies—Austin’s hitting 15%—a promising shift in demand is set to improve occupancy, stabilize renewal rates, and open up new rent growth opportunities. Mike discusses: The future of rent growth and pricing power in 2025 and beyond Renewal rate trends and their role in stabilizing the market Insights from UDR’s Joe Fisher on why retention is key Also, if you haven't checked out Chris Caramanica's podcast, Beyond the Work, where he dives deep into multifamily maintenance stories, head over to Spotify, Apple, or YouTube! Chris is part of the Multifamily Media Network family and brings unique insights from the service side of the industry. For more episodes and insights, visit MultifamilyMediaNetwork.com!