MARKET SNAPSHOT: Lack of Construction in Portland to Send Vacancy Rates to Historic Lows
As the next building cycle for the Portland area is still another year out, vacancy rates are expected to fall to historic lows across the metro.
MARKET SNAPSHOT: New Construction Expected in Miami as Vacancies Fall and Employment Prospects Loom
The Miami-Dade area is set to see significant multifamily development in 2012, as the local economy expands and vacancies trend downward.
MARKET SNAPSHOT: Vibrant Economy in Oklahoma City Promotes Multifamily Expansion
Posting a 5.5 percent unemployment rate, the lowest in the country, Oklahoma City is making tremendous strides in both single-family and multifamily housing.
MARKET SNAPSHOT: St. Louis Sees Modest Improvement in Jobs and Leasing; Single-Family Picks Up Steam
After a three-year rut in employment growth, St. Louis saw the addition of 9,000 local jobs in 2011–with 14,000 more expected in 2012.
Zipmark Holds Celebratory Event in Brooklyn
Zipmark, a digital payment processing service that allows renters to pay bills online, held an event in Brooklyn last night to celebrate the recent release of its Developer Program—a secure payment system built for a variety of businesses and online developers—and the upcoming release of its iPhone app.
MARKET SNAPSHOT: Albuquerque Multifamily Takes Hit Due to Poor Employment, Renewed Single-Family Growth
As employment in the Albuquerque MSA tumbled 0.5 percent in 2011, reflecting a loss of 1,900 jobs, demand for apartments fell to a four-year low.
MARKET SNAPSHOT: Employment and Occupancy Expected to Rise in Charlotte Despite BofA Job Cuts
Employment in the Charlotte metropolitan area is expected to increase over 2 percent in 2012, forcing occupancy and rent prices to make similar strides.
MARKET SNAPSHOT: Minneapolis Maintains Status as Growth Leader in Employment and Occupancy
The Twin Cities is continuing to witness exceptionally low unemployment and vacancy as compared to the rest of the country.
MARKET SNAPSHOT: As Auto Industry Bounces Back, Detroit Sees Sharp Increase in Multifamily Rentals
Vacancy is set to decline in Detroit Rock City as the United Auto Workers recently struck a deal with the Big Three that will create 14,000 new jobs through 2014.
MARKET SNAPSHOT: Declining Homeownership and New Tech Jobs Send Vacancy Rates to Floor in Denver
Overall vacancy in the Mile-High City is set to hit 4 percent this year, its lowest level since 2000.