14
14 -- average lease up duration for US conventional multifamily properties (50+ units) (2021 (through October))
In the US, the average lease-up duration from lease start to stabilization for conventional multifamily properties stabilized through October 2021 was 13.8 months.
- ALN defines lease-up velocity as the time elapsed from the beginning of leasing completed units to 85% occupancy or 12 months after construction completion, whichever comes first
- Includes conventional properties of at least 50 units
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
ALN defines lease-up velocity as time from start of leasing completed units to 85% occupancy or 12 months after construction completion, whichever comes first; conventional properties of at least 50 units; ~2,100 properties / 425,000 units stabilized through October 2021
<blockquote cite="https://lighthousedata.io/data/avg-lease-up-time-2021-13-8-months" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>14</strong> -- average lease up duration for US conventional multifamily properties (50+ units)<br><small>Source: alndata.com (2021 (through October)) · <a href="https://lighthousedata.io/data/avg-lease-up-time-2021-13-8-months" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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