Highlights: Tight vacancies and rising rents highlighted operating conditions in the Inland Empire multifamily market during the second quarter. While renter demand for units is gaining momentum, inventory growth from new construction is minimal, which will support a tightening vacancy… Continue Reading
Highlights: The Atlanta multifamily market improved during the second quarter. The pace of rent growth accelerated, fueled by absorption that is well ahead of last year’s pace. Vacancy held steady but should tighten in the second half, while an increasing… Continue Reading
Highlights: The Austin multifamily market demonstrated significant improvement during the second quarter, with a rise in absorption supporting tightening vacancy and a steep acceleration in quarterly rent growth. Vacancy ended the second quarter at 6.9 percent, falling 40 basis points… Continue Reading
Highlights: The Albuquerque apartment market recorded healthy performance during the second quarter, highlighted by an accelerating pace of rent growth. Asking rents reached $975 per month in the second quarter, 5.7 percent higher than one year ago. Rents are forecast… Continue Reading
AUSTIN, TEXAS (September 24, 2021) – Cheryl Higley, a debt/equity professional with experience financing a wide variety of multifamily assets, joined NorthMarq as a senior vice president based in NorthMarq’s Austin office. Higley brings more than 22 years of experience… Continue Reading
Ending the fiscal fourth quarter of 2021, the government-sponsored enterprises represent a significant factor in multifamily financing, competing with other debt options on both fixed- and floating-rate business. While FHA/HUD continues to work through a long loan processing queue, our… Continue Reading
