Austin is expecting a population growth exceeding 50,000 people, undoubtedly increasing the demand for apartments, pushing rents and occupancies.
Austin is expecting a population growth exceeding 50,000 people, undoubtedly increasing the demand for apartments, pushing rents and occupancies.
Salt Lake City employment expanded 1.8 percent in the first three quarters of 2011, with nearly 11,000 jobs added to the marketplace, which equates to a 2.3 percent increase in private sector employment. Additionally, Marcus & Millichap projects that an additional 14,000 jobs will be added in 2012.
Demand for multifamily assets in the Windy City has been significant, with $1 billion worth of properties in the sector trading this year.
The multifamily industry’s vital statistics are presented in the February 2012 issue of Multi-Housing News.
The multifamily industry’s vital statistics are presented in the December 2011 issue of Multi-Housing News.
The multifamily industry’s vital statistics are presented in the November 2011 issue of Multi-Housing News.
Milwaukee has doubled its job growth in the last year; coupled with virtually no new construction, the market has one of the lowest vacancies in the Midwest.
Orlando recently made the top 10 list of Forbes’ Next Big Boom Towns. While the market did not perform particularly well in the recession, it has more jobs now than it did at the turn of the century.
Oklahoma City–Oklahoma City has proven to be relatively recession-proof, notes Tim McKay, senior investment advisor in Hendricks & Partners’ Oklahoma City office, pointing to a Forbes ranking that named it as one of the top 10 cities in this category.