Highlights: The Las Vegas multifamily market has held relatively steady, despite the local economy facing significant headwinds. Quarterly vacancy figures have been stable throughout much of the year, and rents have posted modest gains. The local vacancy rate finished the… Continue Reading
Highlights: The Denver multifamily market posted robust net absorption during the third quarter, particularly in suburban areas. The vacancy rate dipped below 6 percent, and rents ticked higher after dropping in the preceding three months. After rising in each of… Continue Reading
Kansas City, KANSAS (October 26, 2020) – Despite a year of shutdowns and slowdowns, new construction of apartment communities has been on a record pace in Kansas City, according to a development report from NorthMarq’s Multifamily Investment Sales team. The… Continue Reading
Highlights: The Tucson multifamily market posted one of the most statistically sound quarters on record as rents spiked and vacancy fell significantly in the third quarter. These trends were likely more a result of pent-up demand than a market shift…. Continue Reading
Highlights: The Phoenix multifamily market had a record period of absorption during the third quarter and the local vacancy rate is at its lowest point in more than 20 years. There is some ongoing economic uncertainty, and apartment construction remains… Continue Reading
Highlights: The San Antonio multifamily market posted relatively steady results in the first half of the year. Rents are up, absorption has remained positive, although vacancy has inched higher in recent quarters. Apartment vacancy rose 10 basis points in both… Continue Reading
