Highlights: The Detroit multifamily market maintained a low vacancy rate, and rents remained in a very tight range in 2020, despite economic headwinds that stalled the pace of improvement. With the economy forecast to regain momentum in 2021, apartment fundamentals… Continue Reading
Highlights: Operating conditions softened in the Chicago multifamily market in 2020, but a recovery is likely to begin to take shape in 2021. The local labor market will likely begin to transition more fully into expansion mode in the second… Continue Reading
Highlights: The Austin, Texas, multifamily market was impacted by an active pace of supply growth, which dragged on market fundamentals in a year filled with economic volatility. Conditions are forecast to improve significantly in 2021, as businesses reopen and consumers… Continue Reading
Highlights: Apartment construction in San Antonio was elevated in 2020, and the rise in new units put upward pressure on vacancy. Developers have been active in bringing new projects online to align with the area’s long-term demand drivers. Vacancy crept… Continue Reading
Highlights: The Atlanta multifamily market was impacted by another year of steady supply growth as new units continued to come online as the rate of demand growth cooled. Supply and demand conditions are likely to be more closely aligned in… Continue Reading
Highlights: The Houston multifamily market closed 2020 with a surge in new deliveries of apartments, pushing the vacancy rate higher. Construction is expected to be active in 2021 as well, but renter demand for apartments should accelerate as the economy… Continue Reading
