Highlights: The Austin multifamily market has held up reasonably well in 2020, although some of the effects of accelerating supply growth and the moderating pace of new demand began to emerge during the third quarter. Demand should gain momentum in… Continue Reading
Highlights: Operating conditions for Atlanta multifamily properties cooled slightly during the third quarter, but steady additions to the local labor market should provide stability in the market going forward. Vacancy ended the third quarter at 5.3 percent, 40 basis points… Continue Reading
Highlights: The Richmond-Hampton Roads, Virginia, market continues to record robust renter demand for apartments. Despite some economic volatility during the second quarter, current vacancies and rents are within recent ranges. Rent collections to this point have been consistent, closely tracking… Continue Reading
Highlights: The Los Angeles multifamily market recorded mixed performance during the third quarter. Vacancy ticked higher but remained low and consistent with recent levels. While vacancy is fairly tight, rents posted a sharp decline with the most expensive submarkets generally… Continue Reading
Highlights: The San Antonio multifamily market posted mostly steady performance during the third quarter. Developers brought a wave of new units to the market, but the additional supply should be absorbed over a period of a few quarters. Vacancy ticked… Continue Reading
Highlights: The Dallas-Fort Worth multifamily market posted strong performance during the third quarter. Absorption totaled nearly 10,000 units in the past three months alone, driving the local vacancy rate lower. The market should gain additional traction as the pace of… Continue Reading
