Highlights The Tucson multifamily market posted strong performance to close 2018. Rents rose during the fourth quarter, and more apartment properties sold at higher prices. Vacancy inched up 10 basis points during the fourth quarter. Despite the rise in the… Continue Reading
Highlights The Greater Phoenix multifamily market closed 2018 on a high note, with vacancy remaining low and rents posting significant increases. Renter demand remains strong enough to keep vacancy tight even as new units are delivered. Vacancy was 5.7 percent… Continue Reading
Highlights The Las Vegas multifamily market is posting strong performance. The vacancy rate is low, even as new units come online, and rents are on the rise. Employment growth across a far-reaching range of industries should continue to support the… Continue Reading
Highlights More than 2,600 units have come online to this point in 2018, and nearly 5,000 apartments are currently under construction. Rents have generally been on an upswing, but there was a modest dip during the third quarter. Current asking… Continue Reading
Report highlights: The Inland Empire multifamily market continued to post steady performance in the third quarter. The market is highlighted by low vacancy and rising rents. Looking ahead, apartment construction should accelerate, although employment growth should be sufficient to absorb… Continue Reading
Report highlights: The Kansas City multifamily market was somewhat mixed in the third quarter, with the vacancy rate inching higher but rents posting strong gains. Recent vacancy increases have been the result of new construction, rather than a decline in… Continue Reading
