In his new role as National Director of Multifamily Analytics, Grant Montgomery serves as CoStar Group’s industry-facing representative for the multifamily sector, delivering the company’s data-driven perspective and outlook on the market. As CoStar ...
In his new role as National Director of Multifamily Analytics, Grant Montgomery serves as CoStar Group’s industry-facing representative for the multifamily sector, delivering the company’s data-driven perspective and outlook on the market. As CoStar Group’s subject matter expert on all multifamily themes, trends, and topics, Montgomery will use his extensive industry knowledge to uphold CoStar Group’s commitment to providing quality analytics and insights for clients and the industry.
Montgomery joined CoStar in 2025, bringing more than 25 years of real estate research and consulting experience. Previously serving as vice president of research for Elme Communities, Montgomery led the development of strategic quantitative market analysis that supported the company’s transformation into a multifamily REIT, directly influencing portfolio strategies.
Prior to Elme, Montgomery was senior vice president and apartment practice director at Delta Associates, a former research firm that provided market intelligence to commercial real estate professionals. He is a frequent speaker at industry events on multifamily market conditions.
U.S. apartment construction is firmly in retreat, with new supply pulling back in 2026 after several years of elevated building. While the national slowdown is clear, the return to more typical ...
U.S. apartment rents increased in February, with the national average increasing to $1,716, a 0.1% increase from January’s upwardly revised figure of $1,714, according to Apartments.com's latest ...
As construction of new apartment units begins to ease across most major U.S. markets, multifamily real estate investment trust management teams are increasingly reframing their investing priorities.
Public real estate investment trusts that focus on multifamily properties are increasingly framing the sector’s outlook around supply normalization rather than a rebound in demand, marking a shift in ...
Average monthly apartment rents in the U.S. edged higher in January, extending the modest rebound that began in December following several months of no growth or rent declines in the second half of ...
CoStar adjusted its U.S. multifamily forecast to reflect that stronger near-term rent growth last quarter is now expected to be offset by a modestly softer outlook for renter demand in the second ...
Uncertainty was a recurring theme at the 2026 Apartment Strategies Conference in Las Vegas, sponsored by the National Multifamily Housing Council, but not in the way many might expect.
The U.S. multifamily sector closed 2025 with easing demand, elevated supply, and rent growth that flattened after nearly two years of modest gains. The past year was marked by deceleration across ...
Average monthly apartment rents in the U.S. reversed course in December, posting a modest increase after five consecutive months of no growth or declines.
The first half of 2025 began on a hopeful note for multifamily property owners, with apartment rents continuing their pattern of year-over-year gains, averaging just above 1%.
Demand for top-tier apartment units is holding up as the U.S. multifamily market works through a wave of new supply. As a result, elevated vacancy levels are set to decline in higher-quality ...
The third-quarter earnings season for publicly traded multifamily real estate investment trusts concluded last week, and the REITs sent a clear signal in their calls and presentations: the U.S. ...
U.S. multifamily rent growth has been under pressure this year from an overabundance of supply, particularly across the U.S. Sun Belt and Mountain West regions, where rent declines remain ...
A key factor in the performance of the U.S. apartment sector over the past two years has been the large number of new units added to supply, an increase that far outpaced demand — particularly in the ...
CoStar has revised its outlook for the U.S. multifamily sector's performance, with rent growth expectations lowered and vacancy projected to decline more gradually than previously forecast.
The average rent for U.S. apartments declined in August, with the national average falling to $1,713 per month, a 0.23% decrease from July’s revised $1,719. That came as trends diverged within U.S. ...
The U.S. multifamily construction pipeline is contracting at a historic pace, with the number of units under construction plummeting nearly 50% from its peak in the first quarter of 2023. This rapid ...