Market Data
APARTMENT MARKET STATISTICS: June 2013
Bank lending increased across the board for multifamily properties and income-producing commercial real estate, according to Chandan Economics. Overall, the recent permit numbers have been strong enough to support a five-plus starts rate in range of 285,000 over the next couple of months, stated the National Association of Home Builders.…
Continue reading →APARTMENT MARKET STATISTICS: May 2013
The prices of multifamily housing shot up to an average of $115,954 per unit in the fourth quarter, according to CoStar/PPR. Marcus and Millichap’s statistics for the nation’s top apartment markets show average rent increase of 3.0 percent in the fourth quarter.…
Continue reading →MARKET SNAPSHOT: Vacancy Continues to Fall Despite Stagnant Employment Growth in D.C.
Even as government spending cuts and other factors continue to limit job growth across the nation’s capital, multifamily occupancy has remained tight.…
Continue reading →MARKET SNAPSHOT: Job Growth in Key Industries Spurs Multifamily Renaissance in San Antonio
San Antonio is beginning to see job growth two percentage points higher than the national average. As such, vacancy is set to fall to 5.5 percent by the end of the year.…
Continue reading →MARKET SNAPSHOT: Job Growth in Jacksonville Outpaces Florida, U.S. Averages
After three years of tepid employment growth, the Jacksonville metro is poised to create 12,500 new jobs before year’s end—amounting to a 2.1 percent increase, with even more expected in 2014.…
Continue reading →MARKET SNAPSHOT: Vacancy Plummets as Tech Sector Booms in Salt Lake City
As markets across the country begin to approach plateaus in terms of occupancy and rent growth, Salt Lake City is continuing to see sharp declines in vacancy and steady hikes in pricing.…
Continue reading →MARKET SNAPSHOT: Rent Growth Expected to Stall as Deliveries Ramp Up in Portland
Set to dwindle from its post-recession peak, the Portland, Ore., metro is expecting slight vacancy increases along with a precipitous contraction in rent growth in the coming years.…
Continue reading →MARKET SNAPSHOT: Absorption Takes Off in Miami Amidst Strong Job Growth and Limited Construction
Describing the local economic climate as a “solid recovery,” Marcus & Millichap notes that demand for apartments has been strong enough to fill 11,000 rentals over the past three years—and more absorption is expected in the near term.…
Continue reading →MARKET SNAPSHOT: Baton Rouge Posts Negative Rent Growth in Key Submarkets
Due to a marked lag in demand from 2008 to 2011, the city of Baton Rouge saw a precipitous decline in rent growth last year—falling from 4.2 percent to -0.3 percent overall.…
Continue reading →MARKET SNAPSHOT: Occupancy Increases in Spite of Meager Recovery in Atlanta
While employment trends in the Gate City remain erratic, vacancy continues to plummet to levels not seen in nearly a decade.…
Continue reading →APARTMENT MARKET STATISTICS: April 2013
Condo prices showed the first annual increase since 2007, registering a gain of 7 percent in 2012, according to the National Association of Home Builders.…
Continue reading →APARTMENT MARKET STATISTICS: March 2013
Multifamily permits are now being issued at a rate of more than 300,000 units per year, according to the National Association of Home Builders.…
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