Multifamily markets with the highest net absorption in the U.S. 2023
Austin was the metro with the highest demand for rental apartments in the United States in 2023. The net absorption between the fourth quarter of 2022 and the third quarter of 2023 in Austin was 10,900 units, followed by Washington DC with 10,500 units. Net absorption is the total number of units which tenants moved into, less the total amount of space which tenants moved out from of during a specific period.