Highlights: A surge in demand and a lack of available supply resulted in a record-setting period of rent growth in the Phoenix multifamilymarket in the second quarter. Demand was fueled by a surging local labor market and in-migration from neighboring… Continue Reading
Highlights: The Tampa multifamily market started 2021 in a strong position. Absorption accelerated, vacancy tightened, and rents recorded significant gains. Vacancy for area apartments declined 60 basis points during the first quarter, reaching 4.7 percent. The rate closely tracks long-term… Continue Reading
Highlights: Multifamily property conditions in St. Louis softened a bit at the start of 2021, and the local labor market will likely require a few more quarters to return to full employment. Even as vacancy has inched higher, rents are… Continue Reading
Highlights: Apartment properties in Atlanta recorded stable performance during the first quarter, with conditions likely to strengthen in the remainder of the year. Rents inched higher, and a more rapid pace of increases is likely as the local economy gains… Continue Reading
Highlights: The Chicago multifamily market recorded mixed performance during the first quarter, but there were more positive signs than negative ones. Absorption gained momentum, supporting a slight quarterly vacancy improvement. Rents ticked lower but are expected to begin to trend… Continue Reading
Highlights: The Houston multifamily market posted a mixed performance during the first quarter. Rents rose but are still lower than year-earlier levels. The vacancy rate ticked higher but absorption was positive, and the uptick in the rate was a result… Continue Reading
