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…
Highlights: The Houston multifamily market posted healthy growth during the first quarter. Renter demand is being fueled by an expanding economy, which has pushed rents higher and kept vacancies below the five-year average. Vacancy in Houston remained stable at 5.7…
Highlights: Following a year when completions were down 50 percent from the market’s long-term average, apartment construction gained momentum in Raleigh-Durham during the first quarter of 2022. The increase in deliveries pushed the vacancy rate higher, although the region’s rapid…
Highlights: Rents continued to push higher at a rapid pace in the Charlotte multifamily market in the first quarter, with additional gains likely for the remainder of this year. Investor demand remained elevated to start the year, but vacancies did…
Capital is being put to work, with developers acquiring land sites and accelerating the pace of construction starts. MINNEAPOLIS, MINNESOTA (May 19, 2022) The single-family build-to-rent (SF BTR) market continues to gain momentum, with the pace of deliveries and construction…
Highlights: Apartment properties posted mixed performance in the first quarter with rents rising, investment activity elevated, but a rise in vacancy. The mixed conditions followed a year of unprecedented growth in 2021, and the market is forecast to remain healthy…
Highlights: Demand for multifamily units in Tucson leveled off during the first quarter, following a year of rapid growth. Vacancy rose, generally in older units, while rents continued to push higher. A healthy labor market is forecast to support operating…
ATLANTA, GEORGIA (May 15, 2022) – Like much of the rest of the country, the Atlanta multifamily market has been white-hot with strong occupancies and rent growth that is contributing to outsized returns for owners, investors and developers. Recent increases…
The war on inflation by the Federal Reserve has begun in earnest. At their May 4 meeting the Fed announced an increase of the Federal Funds rate by 50 basis points (bp) in conjunction with the initiation of the shrinking…
