Mid-America Apartments: 2024 Will Be Tough, But Things Should Improve Beyond

Aleksei Iatsenko Dear readers, Some markets, that MAA operates in, will see especially high levels of new inventory. In particular, Austin (6.4% of ABR), Phoenix (2.9% of ABR), and Charlotte (6.2% of ABR) will all see its stock grow by almost 15% over the next two years. RealPage Such high supply has already impacted rents and vacancies in a meaningful way. Nationwide, apartment vacancies have risen to 6.7%, and some markets in the Sunbelt have seen even higher levels of unoccupied space. Atlanta, for examp ...