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Posts from April 22nd, 2026

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April
22

In today's multifamily investing landscape, most investors still focus on occupancy rates when underwriting deals.

But in 2026, a more critical metric is gaining attention:

leasing velocity

And for many properties, this is where net operating income (NOI) is being lost without obvious warning signs.

A Real-World Scenario Investors Shouldn't Ignore

Consider a 75-unit multifamily asset:

  • Average rent: $1,850/month
  • Monthly gross rent potential: $138,750
  • Underwritten lease-up time: 21 days per unit

Now shift one assumption.

Leasing slows to 45 days instead of 21.

That's just over three extra weeks per unit, but the financial impact compounds quickly:

  • ~$138,750 in monthly rent potential
  • Nearly one additional month of vacancy across turnover cycles
  • $120,000+ in lost annual in...

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