Apartment Operators Survey

Zelman's Apartment Operators Survey provides a monthly read on multifamily operating fundamentals, surveying private owners, managers, developers, brokers and lenders on rent growth, occupancy, pricing power, turnover, expenses and forward expectations.

Request Access

What the Apartment Operators Survey Covers 

The Apartment Operators Survey is a proprietary monthly study of multifamily operating performance. Zelman surveys participants across the sector to track rent growth, occupancy, pricing power, resident turnover, future expectations, operating expenses, capital expenditures and other topical issues.

Operating fundamentals determine the cash flow and value of multifamily assets, yet public disclosures arrive quarterly and in aggregate. The survey provides a monthly, market-wide read on rent and occupancy momentum, capturing inflections in demand and pricing power before they reach reported results.

Who Uses the Apartment Operators Survey and Why It Matters

The survey supports investors and operators who need current insight into multifamily demand and pricing power. 

  • REIT and private-market investors tracking rent growth, occupancy and expense trends. 
  • Operators and managers benchmarking performance and setting pricing strategy. 
  • Lenders and capital allocators assessing the health of multifamily cash flows. 

Because rent growth and occupancy drive multifamily valuations and capital flows, the Apartment Operators Survey helps stakeholders anticipate shifts in fundamentals and make better-informed pricing and investment decisions.