Research Center
Baltimore Multifamily Report – August 2022
Baltimore’s multifamily market posted moderate performance amid rising interest rates and a declining population. The average rent reached $1,664, up 0.8 percent on a trailing three-month basis through June, picking up after two quarters of sluggish increases. The rate remains just below the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Baltimore’s economy is still lagging pre-pandemic levels of employment, but is making strides nonetheless. Job growth was at 4.1 percent —60 basis points behind the U.S. average—with 71,700 positions added in the 12 months ending in May. The unemployment rate clocked in at 3.6 percent as of May,…
NMHC Names New Chief
Longtime multifamily executive Sharon Wilson Géno will succeed Doug Bibby in January 2023.
Philadelphia Multifamily Report – August 2022
Halfway through 2022, Philadelphia’s multifamily market maintained its vigor despite rising uncertainty regarding the economy. Strong demand kept up with substantial deliveries and the occupancy rate in stabilized properties remained flat at 96.7 percent in May, with core submarkets beginning to regain popularity among renters. Meanwhile, the average rent rose 11.4 percent year-over-year through June, to $1,695, still trailing the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Philadelphia’s employment market expanded 4.3 percent, or 113,800 jobs, in the 12 months ending in May, 40 basis points behind the U.S. rate. Leisure and hospitality (38,100 jobs), trade, transportation and…
Atlanta Multifamily Report – August 2022
Despite macroeconomic woes, the market is supported by corporate expansions and rising passenger volume.
Top 10 Multifamily Markets by Sales Volume in 2022 H1
Gateway markets rebound, regaining top positions in the multifamily sales volume landscape.
Apartment Jobs Snapshot Q2 2022
Property management job postings fell by 1.1 percent, according to NAAEI’s latest update.
Top 5 NYC Multifamily Building Sales—July 2022
PropertyShark’s monthly roundup of the city’s biggest deals.
Best Cities for Renters in 2022
Round Rock, Texas, and Raleigh, N.C., top the list of best cities for renters, a RentCafe study finds.
Economic Uncertainty to Slow Multifamily Lending in 2nd Half of 2022
Multifamily lending alone is expected to drop to $436 billion this year, according to MBA’s latest report.
Austin Multifamily Report – July 2022
Powered by strong employment and in-migration, the city is adding inventory at a rapid pace.