January 4, 2023

Multifamily developers are adapting to a new reality for 2023, as rising interest rates push back against what has been an extraordinary development cycle over the past 10 years. While overall development and leasing activity was strong in 2022, higher interest rates stalled many new construction projects in the latter part of the year. Developers are now navigating a more measured path forward for new project starts for 2023. More