Multifamily Investing in 2026: Why Leasing Velocity Is Quietly Impacting NOI
By Carmelo Ginés, Broker / Owner -Albany, NY & surrounding Towns
(CKM Team Realty)
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 velocityAnd for many properties, this is where net operating income (NOI) is being lost without obvious warning signs.A Real-World Scenario Investors Shouldn’t IgnoreConsider 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 income Over a standard 3–5-...
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