After a strong two-year run of rent and price growth, 2023 promises to be much more challenging for apartment owners as a recession looms and interest rate increases continue.

In this environment, financing and building apartments will become a lot more difficult. Operators will look to control expenses and boost retention, while architects will work to design properties that appeal to current and potential residents.

Here, Multifamily Dive looks ahead to how industry leaders plan to tackle the volatile year ahead.