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.
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.
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.
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.
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.
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.
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.
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.
MARKET SNAPSHOT: Demand in Charlotte Remains Strong as Population Surges
A strong influx of younger residents in the Queen City will keep vacancies low and rents high for at least another year, as a new wave of supply will likely become absorbed thereafter.
MARKET SNAPSHOT: Construction Soars in Minneapolis as Employment and Occupancy Keep Pressure on Rents
The Twin Cities MSA is continuing to see exceptionally low vacancies, as strong employment growth and renter demand squeezes the supply of existing inventory.