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Climbing Employment in Atlanta Drives Rental Demand and Multifamily Construction

Climbing Employment in Atlanta Drives Rental Demand and Multifamily Construction

The upswing in Atlanta economy continues as employers create more and more jobs, indirectly fueling the residential market. …

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Cleveland Apartment Construction Reaches Five-Year High

Cleveland Apartment Construction Reaches Five-Year High

More and more people are moving to the Cleveland metro area, attracted by the steady economic growth and the new development in the city’s downtown, where developers are building everything from hotels, to retail, to housing.…

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Phoenix’s Rental Demand on the Rise

Phoenix’s Rental Demand on the Rise

With an employment growth rate that will outpace the national one, Phoenix is on the path of having its fifth consecutive year of real estate growth and economic improvement, according to research data from Marcus & Millichap.…

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Philadelphia Apartment Market Slightly on the Rise Despite Sluggish Economy

Philadelphia Apartment Market Slightly on the Rise Despite Sluggish Economy

With the large number of fresh graduates from local colleges and universities expected to boost employment by fall, Philadelphia will continue last year’s positive development in both payrolls and apartment operations.…

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APARTMENT MARKET STATISTICS: June 2014

APARTMENT MARKET STATISTICS: June 2014

Multifamily housing starts fell for the third consecutive month in February 2014, according to the National Association of Home Builders (NAHB).…

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Despite Lagging Economy, Memphis Apartment Rental Rates Continue to Grow

Despite Lagging Economy, Memphis Apartment Rental Rates Continue to Grow

Although struggling with a higher than the national average unemployment rate of 8.1 percent, apartment fundamentals in Metro Memphis have improved throughout 2013 and the Q1 of 2014, according to a report by Hendricks-Berkadia. …

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Vacancy Goes Up in Austin, But So Does Employment

Vacancy Goes Up in Austin, But So Does Employment

The Silicon Hills nickname Austin, Texas, received in the 1990s proves to still be a suitable one for the current times due to the technology firms that are continuously attracted to this area. This impacts a few market aspects, primarily employment, and subsequently construction, rent growth and new investments.…

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Baltimore Apartment Market to Enjoy a Strong 2014

Baltimore Apartment Market to Enjoy a Strong 2014

After a modest 2013, due to government budget cuts and furloughs, the Baltimore apartment market is making a comeback this year. …

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Pittsburgh Apartment Vacancy Remains Tight in 2014, Rent Growth Continues Upward Trend

Pittsburgh Apartment Vacancy Remains Tight in 2014, Rent Growth Continues Upward Trend

Despite a surge in multifamily construction, apartment vacancy in Pittsburgh is estimated to remain just under 4 percent by the end of the year.…

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White-Hot Tech Sector and Highest Construction Pace in Years Propel San Francisco’s Strong Rental Market

White-Hot Tech Sector and Highest Construction Pace in Years Propel San Francisco’s Strong Rental Market

Embraced as the largest bastion of innovation and tech, the San Francisco Bay Area has seen its profile shoot through the roof in recent years, due to the increased activity of companies that have chosen to call Northern California their home.…

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APARTMENT MARKET STATISTICS: May 2014

APARTMENT MARKET STATISTICS: May 2014

According to PPR/CoStar, average apartment sales price was $107,501 per unit in the fourth quarter of 2013, down slightly from the same period in 2012. …

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Economic Upswing and Light Rail Expansion Paving the Way for Investors in the Denver Market

Economic Upswing and Light Rail Expansion Paving the Way for Investors in the Denver Market

The economic upswing and the light rail expansion in the Denver market will be the beacons that will light the way for investors through 2014.…

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