Posts with tag 'multifamily investing, leasing velocity, NOI, real estate investing, rental market 2026, apartment i'

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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