Highlights: Operating conditions strengthened in the first quarter of 2022 as absorption levels were ahead of last year’s pace, vacancy tightened, and rents continued to rise. Investors responded to the healthy conditions, causing per-unit prices to spike. Apartment vacancy dipped…
Highlights: Stability prevailed in the Orange County multifamily market at the outset to 2022. The vacancy rate remained unchanged, and rents inched higher at a modest pace. While the construction pipeline includes a number of projects, deliveries and absorption were…
Highlights: The pace of units shipped spiked to start 2022, reflecting the high cost of housing, the recovering economy, and the persistent demand for manufactured housing. Occupancy in the manufactured housing space rose 20 basis points in the first quarter,…
Highlights: The San Diego multifamily market began 2022 on an upswing. Vacancy tightened and rents continued on an upward trajectory. Apartment construction is expected to remain active in the coming quarters as developers rush to meet demand. The vacancy rate…
Highlights: Albuquerque’s strengthening economy and elevated renter demand drove down vacancy rates and pushed rents higher in the first quarter of 2022. Improving conditions carried over to the investment market, where sales were active, prices rose, and cap rates remained…
Highlights: Dallas-Fort Worth was one of the hottest multifamily markets in 2021 with robust absorption and investment activity levels. Those trends repeated in the first quarter of this year. Absorption outpaced deliveries, driving the vacancy rate lower, and transaction activity…
