Highlights: The second quarter was a very active period in the Denver multifamily market. Developers delivered thousands of new units, but the vacancy rate dipped and rents rose. The vacancy rate fell 80 basis points in the second quarter, dipping… Continue Reading
Highlights: The Tucson multifamily market recorded its strongest second quarter in approximately 10 years. Vacancy is low and rents are rising, supporting new development and rising property sales prices. As construction accelerates in the second half, there could be some… Continue Reading
Highlights: The Greater Phoenix multifamily market posted healthy performance during the second quarter. Renter demand is being fueled by continued hiring and with absorption active, rents are pushing higher at an accelerating pace. Asking rents ended the second quarter at… Continue Reading
Highlights: Conditions strengthened in the Albuquerque multifamily market during the first quarter. Employers continued to expand payrolls, causing vacancy to tighten and allowing rents to rise. The vacancy rate ended the first quarter at 4.7 percent, down 10 basis points… Continue Reading
Highlights: Many of the trends in the Dallas-Fort Worth multifamily market that prevailed in 2018 carried over to the first quarter of this year. Employers accelerated their pace of payroll growth, fueling demand for apartments. Construction of new units remained… Continue Reading
Highlights: Multifamily properties in San Diego performed well at the start of 2019. Vacancies tightened during the first quarter and rents rose, even as more than 1,000 new units were added to the local inventory. Vacancy dipped 10 basis points… Continue Reading
