Highlights: Conditions strengthened in the Albuquerque multifamily market during the first quarter. Employers continued to expand payrolls, causing vacancy to tighten and allowing rents to rise. The vacancy rate ended the first quarter at 4.7 percent, down 10 basis points… Continue Reading
Highlights: Many of the trends in the Dallas-Fort Worth multifamily market that prevailed in 2018 carried over to the first quarter of this year. Employers accelerated their pace of payroll growth, fueling demand for apartments. Construction of new units remained… Continue Reading
Craig Bjornsund in our New York City office celebrates 35 years with the company this week! He’s known for providing valuable strategic insight, answering questions thoughtfully, and being a stabilizing force in the office. A lifelong hockey enthusiast, he’s an… Continue Reading
Highlights: Multifamily properties in San Diego performed well at the start of 2019. Vacancies tightened during the first quarter and rents rose, even as more than 1,000 new units were added to the local inventory. Vacancy dipped 10 basis points… Continue Reading
Highlights: The Orange County multifamily market was very steady during the first quarter of 2019. Vacancy was unchanged from the preceding quarter and rents rose. The pace of deliveries slowed, but there are several projects that are slated to be… Continue Reading
Highlights: The Greater Los Angeles apartment market benefited from steady renter demand and a slowdown in supply growth during the first quarter. Deliveries slowed, but the development pipeline is quite full, and developers are likely to bring thousands of new… Continue Reading
