Madison is the 72nd largest multifamily market with 50,910 completed units and 19,430 units in development, 6,346 of which have already broken ground, as of December 2021.
Madison Multifamily Market Summary – December 2021
New lease asking rents are at $1,312, up 5%▲
from the previous year placing Madison at
114th overall in year-over-year rent growth.